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Trading Muted in Shanghai Spot Copper Market as Holiday Nears (Sept. 30, 2015)
Sep 30, 2015 15:09Source:SMM
Spot copper in Shanghai was largely offered at discounts of RMB 0-40/mt and premiums of RMB 0-20/mt over SHFE 1510 copper contract on Wednesday.
SHANGHAI, Sept. 30 (SMM) – Spot copper in Shanghai was largely offered at discounts of RMB 0-40/mt and premiums of RMB 0-20/mt over SHFE 1510 copper contract on Wednesday. Standard-quality copper traded at RMB 38,230-38,300/mt and RMB 38,250-38,350/mt for high-quality copper. Sellers rushed to sell before the holiday, but most buyers have exited the market for holiday, leaving trading subdued.
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