Spot Premiums in Shanghai Copper Market Expand to RMB 30-60/mt (Apr. 8, 2015)

Apr 8, 2015 15:21

Spot copper in Shanghai market quoted at premiums of RMB 30-60/mt to SHFE 1504 copper contract Wednesday morning.

SHANGHAI, Apr. 8 (SMM) – Spot copper in Shanghai market quoted at premiums of RMB 30-60/mt to SHFE 1504 copper contract Wednesday morning. Prices are RMB 43,520-43,620/mt for standard-quality copper and RMB 43,540-43,640/mt for high-quality copper.

Trading activities declined in copper market with caution looming. A few traders continued to source goods in the market. Quotations for hydro-copper were rarely heard, while price offers for standard-quality copper moved higher. Downstream producers mostly watched from the sidelines.

spot copper prices

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Spot Premiums in Shanghai Copper Market Expand to RMB 30-60/mt (Apr. 8, 2015)

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