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Home / Metal News / Spot Copper Trades Improve as Downstream Buyers Enter Market (May 12, 2015)

Spot Copper Trades Improve as Downstream Buyers Enter Market (May 12, 2015)

May 12, 2015 17:58

Source:SMM

Spot copper quoted between a RMB 20/mt discount and a premium of RMB 90/mt to SHFE 1505 copper contract in Shanghai early May 12.

SHANGHAI, May 12 (SMM) – Spot copper quoted between a RMB 20/mt discount and a premium of RMB 90/mt to SHFE 1505 copper contract in Shanghai early May 12. Standard-quality copper traded at RMB 45,800-45,860/mt, and high-quality copper sold for RMB 45,820-45,920/mt.

Some speculators sourced goods in the market and some traders also purchased goods to deliver term contracts, helping lifting spot premiums. Downstream buyers purchased at lows, enlivening spot trading.

spot copper prices

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

Aug 5, 2015 13:24

SMM Comments

[Cu Price] SMM Copper Market Daily Review (2015-7-27)

The most active contract moved in a narrow range of RMB 38,100-38,300/mt on Monday and dipped to RMB 37,940/mt due to China’s falling stocks, to close at RMB 37,980/mt.

Jul 28, 2015 09:48

SMM Comments

[Cu Price]Spot Copper Settles at near RMB 40,000/mt (Jul. 20, 2015)

SHFE copper slipped modestly. Cargo holders stepped their offers up in Shanghai on Monday, driving spot premiums up and then moving goods out.

Jul 20, 2015 14:26

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

SMM Comments

SMM Copper Market Daily Review (2015-2-12)

The April-delivery copper fell rapidly to RMB 40,840/mt after opening on Thursday and hovered near RMB 40,930/mt in the morning.

Feb 13, 2015 09:36

SMM Comments

Spot Copper Discounts Expand in Shanghai on Sufficient Supply (Feb. 12, 2015)

Spot discounts in Shanghai market continued to widen to RMB 160-300/mt early Thursday.

Feb 12, 2015 18:22

SMM Comments

Spot Copper Offered at Discounts of RMB 100-220/mt in Shanghai (Feb. 11, 2015)

Spot discounts in Shanghai market expanded to RMB 100-180/mt early Wednesday.

Feb 11, 2015 18:18

SMM Comments

SMM Copper Market Daily Review (2015-2-9)

SHFE most-active copper contract opened at RMB 41,400/mt during night session last Friday, and climbed rapidly to RMB 41,600/mt.

Feb 10, 2015 09:51

SMM Comments

Spot Discounts in Shanghai Copper Market Expand (Feb. 9, 2015)

Spot copper was quoted at discounts of RMB 10-100/mt to the SHFE 1502 copper contract in Shanghai on Monday.

Feb 9, 2015 19:09

SMM Comments

Spot Copper Remains in Surplus in Shanghai (Jan. 26, 2015)

Spot copper was quoted between a RMB 20/mt discount and a RMB 50/mt premium to the SHFE 1502 copper contract in Shanghai on Monday.

Jan 26, 2015 13:39

SMM Comments

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Spot Copper Trades Improve as Downstream Buyers Enter Market (May 12, 2015)

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Li-ION BATTERY China

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