Spot Copper Offered at Premiums of RMB 20-90/mt in Shanghai (May 25, 2015)

Published: May 25, 2015 18:32

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Spot copper was still offered at premiums of RMB 20-90/mt to SHFE 1506 copper contract in Shanghai Monday morning.

SHANGHAI, May 25 (SMM) – Spot copper was still offered at premiums of RMB 20-90/mt to SHFE 1506 copper contract in Shanghai Monday morning. Standard-quality copper traded at RMB 44,780-44,820/mt, and high-quality copper sold for RMB 44,800-44,880/mt.

Hedged goods entered the market after SHFE copper tumbled, leaving ample supply in spot copper market. Spot premiums thus narrowed. Traders rarely bought spot goods, leaving trading muted.

spot copper prices

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