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

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

Price Review & Forecast 03:21:00PM Sep 24, 2015 Source:SMM

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

Price Review & Forecast 03:21:00PM Sep 24, 2015 Source:SMM

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.