Home / Metal News / Precious Metals / Spot Copper Discounts Narrow Marginally in Shanghai (Aug. 14, 2015)
Spot Copper Discounts Narrow Marginally in Shanghai (Aug. 14, 2015)
Aug 14,2015 16:30CST
price review forecast
Source:SMM
Spot copper discount fell to RMB 60-120/mt on Friday in Shanghai market.

SHANGHAI, Aug. 14 (SMM) – Spot copper discount fell to RMB 60-120/mt on Friday in Shanghai market. Price gap between SHFE copper futures narrowed a lot and as such cargo holders held their offers at high, driving spot discounts down.

Speculators hunted for cheap copper for delivery. However, near noon, cheap copper was hard to source. Downstream buyers still purchased as need before weekend. Thus, trades picked up considerably on Aug. 14.

Traded price were RMB 39,420-39,520/mt for standard-quality copper, versus RMB 39,450-39,580/mt for high-quality copper. 


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

Most Read
data analysis
data analysis
data analysis
data analysis
data analysis