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

Published: Sep 24, 2015 15:21

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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.

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