SHANGHAI, Jun. 29 (SMM) – Spot copper was offered at a premium of RMB 230-290/mt to SHFE 1507 copper in Shanghai Monday. Traded prices were RMB 42,520-42,700/mt for standard-quality copper and RMB 42,540-42,720/mt for high-quality copper.
Market activities declined considerably near the last trading day before middle 2015. Some speculators moved goods outs with profit-taking. High-quality copper accounted for large market while hydro-copper was still hard to hunt. Most producers were busy in settling accounts end of this quarter. Therefore, trades were left quiet.