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Home / Metal News / Spot Copper Discounts Appear Again in Shanghai (Aug. 21, 2015)

Spot Copper Discounts Appear Again in Shanghai (Aug. 21, 2015)

Aug 21, 2015 13:49

Source:SMM

Spot copper traded between discounts of RMB 30/mt and premiums of RMB 30/mt in Shanghai on Friday.

SHANGHAI, Aug. 21 (SMM) – Spot copper traded between discounts of RMB 30/mt and premiums of RMB 30/mt in Shanghai on Friday. Trades prices were RMB 39,130-39,180/mt for standard-quality copper and RMB 39,150-39,230/mt for high-quality copper.

Cargo holders moved goods out to book profits. Spot premiums narrowed modestly while spot discounts on standard-quality copper appeared. Some traders sourced cheap copper. Meanwhile, downstream buyers purchased as needed. Spot supply stayed sufficient in market and price gap between different brands remained small.

spot copper prices

copper prices

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