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Home / Metal News / Spot Copper Inverts to Premiums in Shanghai (Sept. 24, 2015)

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

Sep 24, 2015 15:21

Source:SMM

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

SHANGHAI, Sept. 24 (SMM) – On Thursday, spot copper quoted RMB 0-60/mt above SHFE front-month contract in Shanghai. Traded prices were RMB 38,860-39,000/mt for standard-quality copper and RMB 38,880-39,040/mt for high-quality copper.

SHFE copper posted modest growth on Thursday and market supply stayed stable. Standard-quality copper prices held firm, leaving limited room for speculation. Downstream buyers purchased for immediate consumption with transactions below Wednesday.

spot copper price

Copper prices

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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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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.

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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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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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SHFE Copper Ends at an Intra-day High of RMB 38,930/mt (Sept. 23, 2015)

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Sep 23, 2015 16:01

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Sep 22, 2015 10:29

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

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