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

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

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

Price Review & Forecast 01:54:01PM Aug 07, 2015 Source:SMM

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.

Key Words:  spot copper prices  Cu price 

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

Price Review & Forecast 01:54:01PM Aug 07, 2015 Source:SMM

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.

Key Words:  spot copper prices  Cu price