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

Hot Keywords

  • Copper
  • Zinc
  • Inventory data
  • Macroeconomics
  • Nickel
  • MMi Iron Ore Port Index
  • Aluminium
  • trend forecast
  • Operation update
  • Operating rates
  • Futures movement
  • price
  • Wanbao Minerals
  • Sales data
  • Primary lead

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

Price Review & Forecast 05:05:02PM Sep 18, 2015 Source:SMM

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

Price Review & Forecast 05:05:02PM Sep 18, 2015 Source:SMM

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.