Spot Copper Offered at Premiums of RMB 100-150/mt in Shanghai (Jun. 16. 2015)

SHANGHAI, Jun. 16 (SMM) – Spot copper quoted at premiums of RMB 100-150/mt to SHFE 1507 copper contract early Tuesday. Traded prices were RMB 42,420-42,580/mt for standard-quality copper and RMB 42,450-42,600/mt for high-quality copper.

Trades improved with SHFE copper prices on the way down, especially between dealers. Guixi brand was offered at low prices. Downstream producers also sourced goods in the market and still favored standard-quality copper and hydro-copper.