Spot Copper Trades at Premiums of RMB 0-40/mt in Shanghai (Aug. 19, 2015)-Shanghai Metals Market

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Spot Copper Trades at Premiums of RMB 0-40/mt in Shanghai (Aug. 19, 2015)

Price Review & Forecast 01:54:39PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – On Wednesday, spot copper settled RMB 0-40/mt higher than SHFE 1509 copper in Shanghai market. Standard-quality copper quoted RMB 38,640-38,740/mt, versus RMB 38,660-38,800/mt for high-quality copper.

Imported and high-quality copper accounted for a large amount in market and spot supply stayed sufficient. Spot copper at discounts were hard to source. Downstream buyers maintained purchase for immediate consumption. Consequently, deals were mainly made between trades on Wednesday. 


Spot Copper Trades at Premiums of RMB 0-40/mt in Shanghai (Aug. 19, 2015)

Price Review & Forecast 01:54:39PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – On Wednesday, spot copper settled RMB 0-40/mt higher than SHFE 1509 copper in Shanghai market. Standard-quality copper quoted RMB 38,640-38,740/mt, versus RMB 38,660-38,800/mt for high-quality copper.

Imported and high-quality copper accounted for a large amount in market and spot supply stayed sufficient. Spot copper at discounts were hard to source. Downstream buyers maintained purchase for immediate consumption. Consequently, deals were mainly made between trades on Wednesday.