Home / Metal News /  / [Cu Price]Spot Copper offered at Discounts in Shanghai (Aug. 4, 2015)
[Cu Price]Spot Copper offered at Discounts in Shanghai (Aug. 4, 2015)
Aug 4,2015 13:20CST
price review forecast
Source:SMM
Spot premiums were offered at RMB 30-100/mt over SHFE 1508 copper in Shanghai On Tuesday.

SHANGHAI, Aug. 4 (SMM) – Spot copper were offered at discounts of RMB 30-100/mt against SHFE 1508 copper in Shanghai On Tuesday. Traded prices were RMB 38,250-38,470/mt for standard-quality copper and RMB 38,270-38,530/mt for high-quality copper.

SHFE copper prices continued falling trend today and spot copper premiums remained low. Wait-and-see sentiment loomed market. Imported copper kept increasing. Cargo holders rushed to sell, throwing spot copper into discounts. Some traders hunted cheaper copper for term contract. As a whole, trades were weaker than August 3. Growing supply may send spot premiums down further.

 

spot copper prices
Cu Price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    timeApr 28, 2020 14:49timezoneCST
    timeApr 28, 2020 21:34timezoneCST
    timeApr 28, 2020 19:42timezoneCST
    timeApr 28, 2020 19:34timezoneCST
    timeApr 28, 2020 18:54timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 17:54timezoneCST
    timeApr 28, 2020 18:24timezoneCST
    timeApr 28, 2020 16:51timezoneCST
    timeApr 28, 2020 16:38timezoneCST