Spot Copper Inverts to Premiums before Delivery in Shanghai (Sept. 15, 2015)

Sep 15, 2015 16:05

In Shanghai market, spot copper traded RMB 0-50/mt above SHFE 1509 copper on Tuesday. Traded prices were RMB 40,600-40,720/mt for standard-quality copper.

SHANGHAI, Sept. 15 (SMM) – In Shanghai market, spot copper traded RMB 0-50/mt above SHFE 1509 copper on Tuesday. Traded prices were RMB 40,600-40,720/mt for standard-quality copper, versus RMB 40,640-40,760/mt for high-quality copper.

SHFE copper prices dropped today. Traders refused to sell copper at discounts on the last trading day for SHFE 1509 copper. High-quality copper was more favored in market, driving its premiums up gradually. Downstream buyers purchased as needed. Consequently, trading activity was active initially but later declined.

spot copper prices

Copper prices

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Spot Copper Inverts to Premiums before Delivery in Shanghai (Sept. 15, 2015)

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