Spot Copper Premiums Drop Slightly to RMB 0-50/mt (Aug. 18, 2015)-Shanghai Metals Market

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Spot Copper Premiums Drop Slightly to RMB 0-50/mt (Aug. 18, 2015)

Price Review & Forecast 01:48:37PM Aug 18, 2015 Source:SMM

SHANGHAI, Aug. 18 (SMM) – In Shanghai market, spot copper premiums declined to RMB 0-50/mt on Tuesday from Monday’s RMB 0-60/mt against SHFE 1509 copper. Traded prices were RMB 39,130-39,200/mt for standard-quality copper and RMB 39,180-39,250/mt for high-quality copper.

SHFE copper prices posted a modest drop. Cargo holders tended to hold spot prices firm after the delivery of SHFE 1508 copper. Some speculators hunted for cheap goods. Investors turned optimistic about future spot premiums as imported copper was gradually absorbed by market. However, downstream buyers purchased as needed. Traders contributed to trades a lot on Aug. 18.

 

 

Key Words:  spot copper prices  Cu price    
Relative News

Price

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#1 Refined Cu
Oct.24
47340.0
305.0
(0.65%)
Aluminum Ingot
Oct.24
13990.0
50.0
(0.36%)
#1 Lead
Oct.24
16650.0
-50.0
(-0.30%)
0# Zinc
Oct.24
18940.0
50.0
(0.26%)
#1 Tin Ingot
Oct.24
138250.0
0.0
(0.00%)

Spot Copper Premiums Drop Slightly to RMB 0-50/mt (Aug. 18, 2015)

Price Review & Forecast 01:48:37PM Aug 18, 2015 Source:SMM

SHANGHAI, Aug. 18 (SMM) – In Shanghai market, spot copper premiums declined to RMB 0-50/mt on Tuesday from Monday’s RMB 0-60/mt against SHFE 1509 copper. Traded prices were RMB 39,130-39,200/mt for standard-quality copper and RMB 39,180-39,250/mt for high-quality copper.

SHFE copper prices posted a modest drop. Cargo holders tended to hold spot prices firm after the delivery of SHFE 1508 copper. Some speculators hunted for cheap goods. Investors turned optimistic about future spot premiums as imported copper was gradually absorbed by market. However, downstream buyers purchased as needed. Traders contributed to trades a lot on Aug. 18.

 

 

Key Words:  spot copper prices  Cu price