Metals News
Spot Premiums Expand to RMB 200-260/mt in Shanghai (Jun. 18. 2015)
price review forecast
02:30PM
Jun 18,2015
Source:SMM

SHANGHAI, Jun. 18 (SMM) – Spot copper quoted at premiums of RMB 200-220/mt to SHFE 1507 copper contract Thursday morning. Traded prices were RMB 42,240-42,520/mt for standard-quality copper and RMB 42,260-42,560/mt for high-quality copper.

Goods holders offered higher spot premiums after SHFE copper bounced back, and low-priced goods were soon consumed. Later, low selling interest left tight supply in the market. Dealers sourced goods actively and some downstream buyers also entered the market with prices leveling out, enlivening spot market.
 

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