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[Cu Price]Trades for Spot Copper Improve Slightly (Jul. 17, 2015)
Jul 17,2015 13:07CST
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Source:SMM
On Friday, some traders purchased for term contract in Shanghai, especially favoring hydro-copper and standard-quality copper.

SHANGHAI, Jul. 17 (SMM) – On Friday, some traders purchased for term contract in Shanghai, especially favoring hydro-copper and standard-quality copper. Near noon, cheap copper was hard to source with price gap between standard-quality and high-quality copper prices narrowing. Downstream buyers purchased as needed. Thus, trades picked up slightly today.

Spot copper was offered at a premium of RMB 190-260/mt over SHFE 1508 copper. Traded prices were RMB 40,950-41,030/mt for standard-quality copper, versus RMB 40,980-41,080/mt for high-quality copper.

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