Trading Muted in Shanghai Spot Copper Market as Holiday Nears (Sept. 30, 2015)-Shanghai Metals Market

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Trading Muted in Shanghai Spot Copper Market as Holiday Nears (Sept. 30, 2015)

Price Review & Forecast 03:09:15PM Sep 30, 2015 Source:SMM

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. 



Trading Muted in Shanghai Spot Copper Market as Holiday Nears (Sept. 30, 2015)

Price Review & Forecast 03:09:15PM Sep 30, 2015 Source:SMM

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.