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Home / Metal News / Cheaper Copper Lures Buyers to Enter Market in Shanghai Spot Market (Oct. 30, 2015)

Cheaper Copper Lures Buyers to Enter Market in Shanghai Spot Market (Oct. 30, 2015)

Oct 30, 2015 16:58

Source:SMM

On Friday, spot copper quoted at discounts of RMB 30-80/mt against SHFE 1511 copper in Shanghai.

SHANGHAI, Oct. 30 (SMM) – On Friday, spot copper quoted at discounts of RMB 30-80/mt against SHFE 1511 copper in Shanghai, versus RMB 38,680-38,750/mt for standard-quality copper and RMB 38,720-38,780/mt for high-quality copper.

Some cargo holders rushed to sell at the end of the month and gradually lowered price offers. However, some sells were unwilling to decrease sale prices. Traders entered market and hunted cheaper goods. Downstream buyers watched from the sidelines.

spot copper prices

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SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29

SMM Comments

SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47

SMM Comments

Spot Copper Transactions Declined following a Rise in Shanghai (Sept. 17, 2015)

Spot copper premiums quoted at premiums of RMB 30-100/mt over SHFE 1510 copper in Shanghai on Thursday.

Sep 17, 2015 14:05

SMM Comments

SMM Copper Market Daily Review (2015-9-15)

For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.

Sep 16, 2015 08:53

SMM Comments

Spot Premiums Narrow to RMB 0-60/mt in Shanghai Copper Market (Jun. 12. 2015)

Spot copper quoted at premiums of RMB 0-60/mt to SHFE 1506 copper contract Friday.

Jun 12, 2015 18:50

SMM Comments

Spot Premiums Narrow to RMB 40-80/mt in Shanghai Copper Market (Jun. 11. 2015)

Spot copper quoted at premiums of RMB 40-80/mt to SHFE 1506 copper contract Thursday.

Jun 11, 2015 18:15

SMM Comments

Spot Premiums Stay at RMB 50-90/mt in Shanghai Copper Market (Jun. 10, 2015)

Spot copper premiums in Shanghai were still at RMB 50-90/mt to SHFE 1506 copper contract Wednesday.

Jun 10, 2015 19:32

SMM Comments

Trades Remain Light in China Copper Market (Jun. 9, 2015)

Spot copper premiums in Shanghai remained at RMB 50-90/mt to SHFE 1506 copper contract Tuesday.

Jun 9, 2015 17:59

SMM Comments

Spot Premiums in Shanghai Copper Market Hold Steady (Jun. 8, 2015)

Spot copper quoted at premiums of RMB 50-90/mt to SHFE 1506 copper contract in Shanghai Monday morning.

Jun 8, 2015 18:20

SMM Comments

Spot Premiums Widen to RMB 40-140/mt in Shanghai Copper Market (May 15, 2015)

Spot copper was still offered at premiums of 40-140/mt to SHFE 1505 copper contract in Shanghai Friday morning.

May 15, 2015 13:44

SMM Comments

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Cheaper Copper Lures Buyers to Enter Market in Shanghai Spot Market (Oct. 30, 2015)

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