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

Published: May 12, 2015 17:58

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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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