[Cu Price]Spot Copper Shifts to Discounts again from Premiums (Aug. 6, 2015)-Shanghai Metals Market

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[Cu Price]Spot Copper Shifts to Discounts again from Premiums (Aug. 6, 2015)

Price Review & Forecast 01:19:25PM Aug 06, 2015 Source:SMM

SHANGHAI, Aug. 6 (SMM) – Spot discounts fell slight to RMB 20-50/mt on Thursday in Shanghai market, compared with RMB 38,500-38,580/mt for standard-quality copper and RMB 38,540-38,640/mt for high-quality copper.

SHFE copper prices rallied from low Thursday. Some speculators sourced high-quality copper early morning. This allowed spot copper to turn to premiums from discounts. But spot premiums started to slip as trades were curbed by growing SHFE copper prices. Hydro-copper prices stayed low while imported copper decreased modestly after a week’s sell at discounts. Wait-and-see posture still loomed downstream market.

Key Words:  spot copper prices  Cu price 

[Cu Price]Spot Copper Shifts to Discounts again from Premiums (Aug. 6, 2015)

Price Review & Forecast 01:19:25PM Aug 06, 2015 Source:SMM

SHANGHAI, Aug. 6 (SMM) – Spot discounts fell slight to RMB 20-50/mt on Thursday in Shanghai market, compared with RMB 38,500-38,580/mt for standard-quality copper and RMB 38,540-38,640/mt for high-quality copper.

SHFE copper prices rallied from low Thursday. Some speculators sourced high-quality copper early morning. This allowed spot copper to turn to premiums from discounts. But spot premiums started to slip as trades were curbed by growing SHFE copper prices. Hydro-copper prices stayed low while imported copper decreased modestly after a week’s sell at discounts. Wait-and-see posture still loomed downstream market.

Key Words:  spot copper prices  Cu price