Trading Contributed Mainly by Traders in Shanghai Spot Copper Market (Oct. 13, 2015)

SHANGHAI, Oct. 13 (SMM) – On Tuesday, spot copper largely traded at discounts of RMB 50/mt and premiums of RMB 20/mt in Shanghai market. Standard-quality copper quoted RMB 39,620-39,720/mt and RMB 39,640-39,780/mt for high-quality copper.

Prices offers by traders were unchanged at discounts of RMB 10-50/mt from Monday on Tuesday morning. In the afternoon business, SHFE 1510 and 1511 copper spread narrowed and some traders entered market for high-quality copper. This helped high-quality copper return to premiums. Transactions among traders continued to increase but downstream buyers watched from the sideline.