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Home / Metal News / Spot Copper Discounts Expand in Shanghai on Sufficient Supply (Feb. 12, 2015)

Spot Copper Discounts Expand in Shanghai on Sufficient Supply (Feb. 12, 2015)

Feb 12, 2015 18:22

Source:SMM

Spot discounts in Shanghai market continued to widen to RMB 160-300/mt early Thursday.

SHANGHAI, Feb. 11 (SMM) – Spot discounts in Shanghai market continued to widen to RMB 160-300/mt early Thursday. Traded prices were RMB 40,720-40,840/mt for standard-quality copper and RMB 40,880-40,940/mt for high-quality copper.

Cargo holders eager to sell quoted at discounts of RMB 160-260/mt early, but ample supply caused discounts to expand. Goods deliveries were hindered as logistics companies stopped operation.

spot copper prices

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In Shanghai market, spot copper discounts decreased to RMB 10-80/mt against SHFE 1508 copper on Wednesday.

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SMM Comments

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SMM Comments

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Spot copper was quoted at premiums of RMB 30-90/mt to SHFE 1506 copper contract in Shanghai Monday morning.

Jun 1, 2015 18:55

SMM Comments

SMM Copper Market Daily Review (2015-2-12)

The April-delivery copper fell rapidly to RMB 40,840/mt after opening on Thursday and hovered near RMB 40,930/mt in the morning.

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SMM Comments

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SMM Comments

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SMM Comments

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Spot Copper Discounts Expand in Shanghai on Sufficient Supply (Feb. 12, 2015)

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