Non-ferrous
Non-ferrous
Base Metals
Photovoltaic
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Aug. 17 (SMM) – In Shanghai market, spot copper quoted RMB 0-60/mt higher than SHFE 1508 copper on Monday. Traded prices were RMB 39,170-39,230/mt for standard-quality copper and RMB 39,200 -39,270/mt for high-quality copper.
Falling SHFE copper prices further sent SHFE/LME copper price ratio down. Price gap between SHFE 1508 and 1509 copper grew and thus most cargo holders gave their offers for SHFE 1509 copper. On the last trading day for SHFE 1508 copper, traders hunted for cheap goods. Wait-and-see posture loomed downstream market, leaving trades softening.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn