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Spot Copper Sees Light Trades (Jun. 23, 2015)
Jun 23,2015 16:21CST
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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.
 

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