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Spot Copper Quoted at Premiums of RMB 10-90/mt (May 13, 2015)
May 13,2015 17:48CST
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Source:SMM
Spot copper was offered at premiums of 10-90/mt to SHFE 1505 copper contract in Shanghai early Wednesday.

SHANGHAI, May 13 (SMM) – Spot copper was offered at premiums of 10-90/mt to SHFE 1505 copper contract in Shanghai early Wednesday. Standard-quality copper traded at RMB 46,100-46,140/mt, and high-quality copper sold for RMB 46,140-46,200/mt.

Cargo holders sold actively at highs and held prices up out of bullish mood. Quotations for high-quality copper varied largely. Some traders sourced goods at lows, but purchases made by downstream producers declined noticeably after replenishing stocks Tuesday.
 

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