Copper Trading in Shanghai Improves Further (Feb. 27, 2015)

Published: Feb 27, 2015 14:40

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Spot copper in Shanghai was offered at discounts of RMB 100-200/mt over SHFE 1503 copper contract.

SHANGHAI, Feb. 27 (SMM) – Spot copper in Shanghai was offered at discounts of RMB 100-200/mt over SHFE 1503 copper contract. Standard-quality copper traded between RMB 42,550-42,620/mt, and RMB 42,600-42,700/mt for high-quality copper. Cargo holders were eager to sell at highs, but were unwilling to sell at large discounts. The price gap between standard-quality copper and high-quality copper widened, luring some traders and processors in. Demand should recover further next week.

Shanghai copper price

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