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Standard-quality Copper Trades between RMB 42,280-42,320/mt (Jun. 25, 2015)
Jun 25,2015 15:54CST
price review forecast
Source:SMM
Spot copper was offered at a premium of RMB 220-250/mt over SHFE 1507 copper in Shanghai market on Thursday.

SHANGHAI, June. 25 (SMM) – Spot copper was offered at a premium of RMB 220-250/mt over SHFE 1507 copper in Shanghai market on Thursday. Standard-quality copper settled between RMB 42,280-42,320/mt while high-quality copper traded between RMB 42,300-42,350/mt.

Traded prices for standard-quality copper and hydro-copper quoted as high as high-quality copper prices. This mainly resulted from the shortage in standard-quality copper and hydro-copper. Some traders sourced goods in the market. Downstream buyers purchased less than before owing to tight liquidity. Therefore, trades remained soft.
 

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