Spot Copper Sees Light Trades in Shanghai (Aug. 20, 2015)

Aug 20, 2015 13:43

SHFE copper prices posted a modest growth on Thursday while spot prices held flat Aug. 19 in Shanghai.

SHANGHAI, Aug. 20 (SMM) – SHFE copper prices posted a modest growth on Thursday while spot prices held flat Aug. 19 in Shanghai. Speculators moved goods out to book profits and high-quality copper accounted for a large portion in market. Price offers of standard-quality copper and hydro-copper stayed firm. Price gap between various branded copper was small. Downstream buyers still purchased on need. Thus, trades were left muted in market.

Spot copper quoted at premiums of RMB 0-40/mt over SHFE 1509 copper. Traded prices were RMB 38,670-38,800/mt for standard-quality copper and RMB 38,690-38,830/mt for high-quality copper.

SHFE copper prices

spot copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Spot Copper Sees Light Trades in Shanghai (Aug. 20, 2015)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025