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Spot Copper Premiums Post a modest Rise to RMB 250-290/mt (Jun. 26, 2015)
SHANGHAI, Jun. 26 (SMM) – Spot copper quoted at a premium of RMB 250-290/mt over SHFE 1507 copper in Shanghai on Friday. Mainstream prices were RMB 42,400-42,500/mt for standard-quality copper and RMB 42,420-42,540/mt for high-quality copper.
SHFE copper prices rose. Markets turn anemic gradually during middle of this year and late Q2. Spot supply also fell with standard-quality copper and hydro-copper hard to source. Downstream buyers purchased on need, leaving trades light.
Spot Copper Premiums Post a modest Rise to RMB 250-290/mt (Jun. 26, 2015)
SHANGHAI, Jun. 26 (SMM) – Spot copper quoted at a premium of RMB 250-290/mt over SHFE 1507 copper in Shanghai on Friday. Mainstream prices were RMB 42,400-42,500/mt for standard-quality copper and RMB 42,420-42,540/mt for high-quality copper.
SHFE copper prices rose. Markets turn anemic gradually during middle of this year and late Q2. Spot supply also fell with standard-quality copper and hydro-copper hard to source. Downstream buyers purchased on need, leaving trades light.
