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Shanghai Spot Copper Offered at Discounts of RMB 10-60/mt (Nov. 2, 2015)
Nov 2, 2015 19:27Source:SMM
In Shanghai, spot copper traded at discounts of RMB 10-60/mt on Monday, versus RMB 38,500-38,600/mt for standard-quality copper and RMB 38,520-38,640/mt for high-quality copper.
SHANGHAI, Nov. 2 (SMM) – In Shanghai, spot copper traded at discounts of RMB 10-60/mt on Monday, versus RMB 38,500-38,600/mt for standard-quality copper and RMB 38,520-38,640/mt for high-quality copper.
Transactions were mainly done at lower prices and mainstream prices quoted at discounts of RMB 10-60/mt. In the afternoon business, spot discounts widened to RMB 20-80/mt with traded prices at RMB 38,520-38,650/mt. Traders hunted for cheaper goods in market and downstream producers watched from the sidelines.
spot copper prices
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