[Cu Price] Standard-Quality Copper Prices Hold Strong on Tightness (Aug. 7, 2015)

Aug 7, 2015 13:54

In Shanghai market, spot copper quoted between a discount of RMB 60/mt and a premium of RMB 10/mt Friday.

SHANGHAI, Aug. 7 (SMM) – In Shanghai market, spot copper quoted between a discount of RMB 60/mt and a premium of RMB 10/mt Friday. Traded prices were RMB 38,240-38,320/mt for standard-quality copper and RMB 38,260-38,380/mt for high-quality copper.

SHFE copper rebounded from low. Market was mainly filled with high-quality copper. Cargo holders rushed to sell late this week, sending high-quality copper into discounts. However, standard-quality copper and hydro-copper prices held firm due to a shortage. Spot supply was sufficient as a whole. Traders’ buying interest decreased while downstream buyers purchased on need, leaving trades muted.

spot copper prices

Cu price

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

[Cu Price] Standard-Quality Copper Prices Hold Strong on Tightness (Aug. 7, 2015)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025