Spot Discounts Widen to RMB 200-270/mt (Mar. 26, 2015)

Mar 26, 2015 18:03

Spot discounts in Shanghai copper market expanded to RMB 200-270/mt to SHFE 1504 copper contract early Thursday

SHANGHAI, Mar. 25 (SMM) – Spot discounts in Shanghai copper market expanded to RMB 200-270/mt to SHFE 1504 copper contract early Thursday, with standard-quality copper trading at RMB 43,550-43,700/mt and high-quality production selling for RMB 43,570-43,750/mt.

SHFE 1504 copper contract prices rebounded slightly. In spot copper market, high-quality copper supply remained large, while buyers mostly favored standard-quality and hydro-copper. Speculators sourced goods at low prices, while downstream buyers mostly purchased as needed.

spot copper prices

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Spot Discounts Widen to RMB 200-270/mt (Mar. 26, 2015)

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