Spot Premiums Reported from Shanghai Copper Market (Apr. 2, 2015)_SMM

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Home / Metal News / / Spot Premiums Reported from Shanghai Copper Market (Apr. 2, 2015)

Spot Premiums Reported from Shanghai Copper Market (Apr. 2, 2015)

Apr 2,2015 17:57

CST

SMM Comments

Source:SMM

Spot copper in Shanghai market quoted between a discount of RMB 20/mt and a premium of RMB 50/mt to SHFE 1504 copper contract Thursday .

SHANGHAI, Apr. 2 (SMM) – Spot copper in Shanghai market quoted between a discount of RMB 20/mt and a premium of RMB 50/mt to SHFE 1504 copper contract Thursday morning, with standard-quality copper trading at RMB 43,400-43,630/mt and high-quality copper selling for RMB 43,450-43,650/mt.

Goods holders offered discounts of RMB 0-30/mt early today, luring traders into buying and enlivening transactions. Sellers then offered premiums of RMB 30-50/mt, and trading activities declined. Spot premiums were still heard even after a RMB 200/mt rally in SHFE copper. Prices for standard-quality copper remained firm due to limited supply. Some large trade houses built stocks.

spot copper prices

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In Shanghai market, spot copper traded RMB 0-50/mt above SHFE 1509 copper on Tuesday. Traded prices were RMB 40,600-40,720/mt for standard-quality copper.

Sep 15, 2015 16:05 timezone

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SMM Comments

SMM Copper Market Daily Review (2015-9-14)

During Monday trading session, SHFE 1511 copper once grew to RMB 41,200/mt but later dropped to RMB 40,700/mt due to weak sentiment and the unsteady movement in Chinese stock market.

Sep 15, 2015 11:26 timezone

CST

SMM Comments

SMM Copper Market Daily Review (2015-9-11)

LME copper grew above the 60-day moving average overnight but SHFE copper was slow to rise. SHFE 1511 copper started slightly lower at RMB 40,990/mt during Thursday evening session.

Sep 14, 2015 08:39 timezone

CST

SMM Comments

SMM Copper Market Daily Review (2015-8-18)

SHFE 1510 copper opened lower at RMB 38,900/mt for night trading Monday.

Aug 19, 2015 08:55 timezone

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SMM Comments

Abundant Supply Further Increases Spot Copper Discounts in Shanghai (Aug. 13, 2015)

On Thursday, spot copper discounts grew to RMB 120-200/mt in Shanghai.

Aug 13, 2015 13:16 timezone

CST

SMM Comments

[Cu Price]Spot Copper Discounts Widen Further in Shanghai (Aug. 12, 2015)

In Shanghai market, traded prices were RMB 39,040-39,160/mt for standard-quality copper.

Aug 12, 2015 13:30 timezone

CST

SMM Comments

[Cu Price] SMM Copper Market Daily Review (2015-8-5)

SHFE copper slipped to RMB 38,000/mt in response to falling LME copper early Wednesday and touched a low of RMB 37,860/mt.

Aug 6, 2015 09:21 timezone

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SMM Comments

[Cu Price]Spot Copper Discounts Narrow to RMB 10-80/mt (Aug. 5, 2015)

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

Aug 5, 2015 13:24 timezone

CST

SMM Comments

[Cu Price]Spot Copper offered at Discounts in Shanghai (Aug. 4, 2015)

Spot premiums were offered at RMB 30-100/mt over SHFE 1508 copper in Shanghai On Tuesday.

Aug 4, 2015 13:20 timezone

CST

SMM Comments

Spot Copper Offered at Premiums of RMB 30-90/mt in Shanghai (Jun. 1, 2015)

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 timezone

CST

SMM Comments

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