Spot Copper Sees Light Trades (Jun. 23, 2015)_SMM

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Home / Metal News / / Spot Copper Sees Light Trades (Jun. 23, 2015)

Spot Copper Sees Light Trades (Jun. 23, 2015)

Jun 23,2015 16:21

CST

price review forecast

Source:SMM

Spot copper quoted at premiums of RMB 240-300/mt to SHFE 1507 copper contract Tuesday.

SHANGHAI, Jun. 23 (SMM) – Spot copper quoted at premiums of RMB 240-300/mt to SHFE 1507 copper contract Tuesday. Trading prices were RMB 42,220-42,340/mt for standard-quality copper, versus RMB 42,240-42,400/mt for high-quality copper.

SHFE copper turned to rise, and cargo holders offered higher premiums in spot markets. Shortfalls in hydro-copper favored standard-quality copper prices, but most buyers did not accept the high prices, leaving trades muted.

spot copper prices

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On Wednesday, spot copper was offered between discounts of RMB 60/mt and premiums of RMB 20/mt over SHFE 1512 copper in Shanghai.

Nov 18, 2015 12:41 timezone

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Shanghai Spot Copper Offered at Discounts RMB 30-90/mt (Nov. 4, 2015)

In Shanghai, spot copper traded at discounts RMB 30-90/mt on Wednesday.

Nov 4, 2015 18:04 timezone

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price review & forecast

SMM Copper Market Daily Review (2015-10-28)

SHFE 1512 copper opened at RMB 39,300/mt for night trading Tuesday and closed up RMB 100/mt 0.26% or at RMB 39,190/mt.

Oct 29, 2015 09:05 timezone

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SMM Copper Market Daily Review (2015-10-16)

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29 timezone

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price review & forecast

SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47 timezone

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Spot Copper Transactions Declined following a Rise in Shanghai (Sept. 17, 2015)

Spot copper premiums quoted at premiums of RMB 30-100/mt over SHFE 1510 copper in Shanghai on Thursday.

Sep 17, 2015 14:05 timezone

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SMM Copper Market Daily Review (2015-9-15)

For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.

Sep 16, 2015 08:53 timezone

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Spot Copper Inverts to Premiums before Delivery in Shanghai (Sept. 15, 2015)

In Shanghai market, spot copper traded RMB 0-50/mt above SHFE 1509 copper on Tuesday. Traded prices were RMB 40,600-40,720/mt for standard-quality copper.

Sep 15, 2015 16:05 timezone

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SMM Copper Market Daily Review (2015-9-14)

During Monday trading session, SHFE 1511 copper once grew to RMB 41,200/mt but later dropped to RMB 40,700/mt due to weak sentiment and the unsteady movement in Chinese stock market.

Sep 15, 2015 11:26 timezone

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SMM Copper Market Daily Review (2015-9-11)

LME copper grew above the 60-day moving average overnight but SHFE copper was slow to rise. SHFE 1511 copper started slightly lower at RMB 40,990/mt during Thursday evening session.

Sep 14, 2015 08:39 timezone

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price review & forecast

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