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Trades for Spot Copper are Weak in Midyear (Jun. 30, 2015)

Published: Jun 30, 2015 15:18
Spot copper traded RMB 200-270/mt higher than SHFE 1507 copper in Shanghai Tuesday. Standard-quality copper settled at RMB 42,650-42,770/mt and RMB 42,680-42,800/mt for high-quality copper.

SHANGHAI, Jun. 30 (SMM) – Spot copper traded RMB 200-270/mt higher than SHFE 1507 copper in Shanghai Tuesday. Standard-quality copper settled at RMB 42,650-42,770/mt and RMB 42,680-42,800/mt for high-quality copper.

Markets turned to be quiet on this last trading day of middle 2015. Some cash-hungry cargo holders continued to ship goods out but few deals were made. Some traders entered market with spot premium narrowing. Downstream buyers watched from sideline under pressures from tight liquidity.
 

spot copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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Trades for Spot Copper are Weak in Midyear (Jun. 30, 2015) - Shanghai Metals Market (SMM)