Trading Thin in Shanghai Spot Copper Market as Holiday Nears (Sept. 29, 2015)

Sep 29, 2015 16:37

Spot copper in Shanghai was largely offered at discounts of RMB 0-10/mt and premiums of RMB 0-40/mt over SHFE 1510 copper contract on Tuesday.

SHANGHAI, Sept. 29 (SMM) – Spot copper in Shanghai was largely offered at discounts of RMB 0-10/mt and premiums of RMB 0-40/mt over SHFE 1510 copper contract on Tuesday. Standard-quality copper traded at RMB 37,940-38,090/mt and RMB 37,960-38,120/mt for high-quality copper. Many market players have exited the market for holiday, leaving trading thin. Supply of hydro-copper remained tight.

LME copper prices

SHFE copper prices

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Trading Thin in Shanghai Spot Copper Market as Holiday Nears (Sept. 29, 2015)

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