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Home / Metal News / Spot Copper Discounts Appear Again in Shanghai (Sept. 18, 2015)

Spot Copper Discounts Appear Again in Shanghai (Sept. 18, 2015)

Sep 18, 2015 17:05

Source:SMM

Spot copper traded between discounts of RMB 10/mt and premiums of RMB 60/mt in Shanghai on Friday.

SHANGHAI, Sept. 18 (SMM) – Spot copper traded between discounts of RMB 10/mt and premiums of RMB 60/mt in Shanghai on Friday. Standard-quality copper quoted at RMB 40,800-40,900/mt and RMB 40,840-40,940/mt for high-quality copper.

SHFE copper expanded losses. Cargo holders rushed to sell, sending down spot premiums. Traders held a wait-and-see attitude with some trades made at lows. Downstream buyers purchased as needed. Transactions were less than Thursday.

spot copper price

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LME copper is expected to move between USD 4,600-4,635/mt on Wednesday and SHFE 1610 copper to range at RMB 36,100-36,350/mt.

Aug 31, 2016 09:41

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LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

Aug 26, 2016 20:10

SMM Insight

SMM Copper Market Daily Review (2015-11-9)

SHFE copper opened lower at RMB 37,800/mt on Monday and rallied to RMB 37,960/mt due to upbeat reading of US non-farm payrolls.

Nov 10, 2015 10:25

SMM Comments

Shanghai Spot Copper Trades at Discounts of RMB 30-80/mt (Nov. 5, 2015)

Spot copper was offered at discounts of RMB 30-80/mt in Shanghai on Thursday, versus RMB 38,480-38,660/mt for standard-quality copper.

Nov 5, 2015 15:19

SMM Comments

Shanghai Spot Copper Trades between Discounts of RMB 30/mt and Premiums of RMB 40/mt (Oct. 22, 2015)

In Shanghai, spot copper trade between discounts of RMB 30/mt and premiums of RMB 40/mt on Thursday.

Oct 22, 2015 15:50

SMM Comments

Shanghai Spot Copper Offered between Discounts of RMB 30/mt and Premiums of RMB 30/mt (Oct. 21, 2015)

On Wednesday, spot copper was offered between discounts of RMB 30/mt and premiums of RMB 30/mt in Shanghai.

Oct 21, 2015 14:18

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SMM Copper Market Daily Review (2015-10-20)

The large drop in LME copper allowed SHFE copper to gap lower at RMB 39,110/mt on Monday night.

Oct 21, 2015 09:09

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SMM Copper Market Daily Review (2015-10-9)

SHFE 1512 copper opened lower at RMB 38,890/mt for night trading Thursday and then drifted lower to RMB 38,630/mt due to growing shorts.

Oct 10, 2015 09:00

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Spot Copper Inverts to Premiums in Shanghai (Sept. 24, 2015)

On Thursday, spot copper quoted RMB 0-60/mt above SHFE front-month contract in Shanghai.

Sep 24, 2015 15:21

SMM Comments

SHFE Copper Prices down by RMB 230/mt (Sept. 22, 2015)

SHFE 1511 copper started at RMB 40,430/mt for night trading Monday and edged up to RMB 40,480/mt.

Sep 22, 2015 16:19

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Spot Copper Discounts Appear Again in Shanghai (Sept. 18, 2015)

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