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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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On Friday, spot copper traded at discounts of RMB 0-60/mt in Shanghai market.

Nov 6, 2015 13:19

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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

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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.

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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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SMM Copper Market Morning Review (2015-9-22)

Overnight, LME copper initially was supported by China’s upbeat copper import data but later stronger dollar weighed down LME copper prices.

Sep 22, 2015 10:29

SMM Comments

Spot Copper Trades between Discounts of RMB 10/mt and Premiums of RMB 60/mt (Sept. 21, 2015)

In Shanghai, spot copper traded between discounts of RMB 10/mt and premiums of RMB 60/mt on Monday.

Sep 21, 2015 18:56

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SMM Copper Market Morning Review (2015-9-21)

LME copper immediately lurched down after the open of European and US trading hours due to worries about soft global economy growth.

Sep 21, 2015 10:18

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

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2025 SMM (20th) Lead & Zinc Conference and Industry Expo