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

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Home / Metal News / Lead / Trades for Spot Copper are Weak in Midyear (Jun. 30, 2015)

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

Jun 30,2015 15:18

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Source: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.

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

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On Wednesday, spot copper was offered between discounts of RMB 60/mt and premiums of RMB 20/mt over SHFE 1512 copper in Shanghai.

Nov 18, 2015 12:41 timezone

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Shanghai Spot Copper Offered at Discounts RMB 30-90/mt (Nov. 4, 2015)

In Shanghai, spot copper traded at discounts RMB 30-90/mt on Wednesday.

Nov 4, 2015 18:04 timezone

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SMM Copper Market Daily Review (2015-10-28)

SHFE 1512 copper opened at RMB 39,300/mt for night trading Tuesday and closed up RMB 100/mt 0.26% or at RMB 39,190/mt.

Oct 29, 2015 09:05 timezone

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SMM Copper Market Daily Review (2015-10-16)

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29 timezone

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SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47 timezone

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Spot Copper Transactions Declined following a Rise in Shanghai (Sept. 17, 2015)

Spot copper premiums quoted at premiums of RMB 30-100/mt over SHFE 1510 copper in Shanghai on Thursday.

Sep 17, 2015 14:05 timezone

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SMM Copper Market Daily Review (2015-9-15)

For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.

Sep 16, 2015 08:53 timezone

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Spot Copper Inverts to Premiums before Delivery in Shanghai (Sept. 15, 2015)

In Shanghai market, spot copper traded RMB 0-50/mt above SHFE 1509 copper on Tuesday. Traded prices were RMB 40,600-40,720/mt for standard-quality copper.

Sep 15, 2015 16:05 timezone

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SMM Copper Market Daily Review (2015-9-14)

During Monday trading session, SHFE 1511 copper once grew to RMB 41,200/mt but later dropped to RMB 40,700/mt due to weak sentiment and the unsteady movement in Chinese stock market.

Sep 15, 2015 11:26 timezone

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SMM Copper Market Daily Review (2015-9-11)

LME copper grew above the 60-day moving average overnight but SHFE copper was slow to rise. SHFE 1511 copper started slightly lower at RMB 40,990/mt during Thursday evening session.

Sep 14, 2015 08:39 timezone

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