Spot Copper Offered at Premiums of RMB 80-140/mt in Shanghai Market (Apr. 20, 2015)

Published: Apr 20, 2015 17:54

Save

Spot copper was offered at premiums of RMB 80-140/mt to SHFE 1505 copper contract Monday morning.

SHANGHAI, Apr. 20 (SMM) – Spot copper was offered at premiums of RMB 80-140/mt to SHFE 1505 copper contract Monday morning. Prices are RMB 44,040-44,160/mt for standard-quality copper and RMB 44,060-44,200/mt for high-quality copper.

Markets remained cautious towards China’s RRR cut. Some cargo holders offered high premiums, but demand was modest. Later, spot premiums narrowed some, luring traders into buying. Downstream buyers mostly held on the sidelines.

spot copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn