Home / Metal News /  / Brisk Trading Drives up Spot Copper Premiums in Shanghai (May 28, 2015)
Brisk Trading Drives up Spot Copper Premiums in Shanghai (May 28, 2015)
May 28,2015 18:03CST
price review forecast
Source:SMM
Spot copper was quoted at premiums of RMB 0-70/mt to SHFE 1506 copper contract in Shanghai Thursday morning.

SHANGHAI, May 28 (SMM) – Spot copper was quoted at premiums of RMB 0-70/mt to SHFE 1506 copper contract in Shanghai Thursday morning, with trading enlivened. Standard-quality copper traded at RMB 44,280-44,320/mt, and high-quality copper sold for RMB 44,300-44,380/mt.

Cargo holders offered relatively high prices Thursday and some speculators sourced goods in the market, expanding spot premiums. Hydro-copper and standard-quality copper were favored by buyers. However, tight cash by the end of the month curbed increase in trading activities.

spot copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news