Spot Premiums in Shanghai Copper Market Narrow Slightly (Apr. 3, 2015)

Apr 3, 2015 18:07

Spot premiums in Shanghai’s copper market narrowed on Friday with downstream buyers holding back and sellers cautious before the Tomb Sweeping Holiday.

SHANGHAI, Apr. 2 (SMM) – Spot premiums in Shanghai’s copper market narrowed on Friday with downstream buyers holding back and sellers cautious before the Tomb Sweeping Holiday.

Spot copper in Shanghai market quoted between a discount of RMB 30/mt and a premium of RMB 30/mt to SHFE 1504 copper contract Friday morning, with standard-quality copper trading at RMB 43,470-43,530/mt and high-quality copper selling for RMB 43,500-43,570/mt.

spot copper prices

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Spot Premiums in Shanghai Copper Market Narrow Slightly (Apr. 3, 2015)

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