Shanghai Spot Copper Trades between Discounts of RMB 50/mt and Premiums of RMB 50/mt (Oct. 27, 2015)

Published: Oct 27, 2015 13:16

Save

In Shanghai, spot copper traded between discounts of RMB 50/mt and premiums of RMB 50/mt on Tuesday.

SHANGHAI, Oct. 27 (SMM) – In Shanghai, spot copper traded between discounts of RMB 50/mt and premiums of RMB 50/mt on Tuesday, versus RMB 38,900-39,120/mt for standard-quality copper and RMB 38,930-39,150/mt for high-quality copper.

Traders still intended to hold prices firm and mainly quoted between discounts of RMB 40/mt and premiums of RMB 50/mt in the morning. But amply supply and poor demand drove down spot prices soon. In the afternoon business, SHFE copper grew to RMB 39,150/mt, curbing trading activities. Spot premiums on high-quality copper inverted to zero. Downstream buyers watched from the sidelines and overall transactions were left muted.

spot copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn