Home / Metal News /  / Shanghai Spot Copper Offered at Discounts RMB 30-90/mt (Nov. 4, 2015)
Shanghai Spot Copper Offered at Discounts RMB 30-90/mt (Nov. 4, 2015)
Nov 4,2015 18:04CST
price review forecast
Source:SMM
In Shanghai, spot copper traded at discounts RMB 30-90/mt on Wednesday.

SHANGHAI, Nov. 4 (SMM) – In Shanghai, spot copper traded at discounts RMB 30-90/mt on Wednesday, versus RMB 38,660-38,740/mt for standard-quality copper and RMB 38,680-38,780/mt for high-quality copper.

SHFE lead rallied and cargo holders rushed to sell, growing spot supply. This expanded spot discounts to RMB 40-90/mt in the afternoon business. On the other hand, market demand stayed anemic. Traders still favored cheaper goods and downstream producers watched from sidelines. Hydro-copper prices were lowered first and then spot discounts on high-quality copper expanded. Though standard-quality copper prices held firm temporarily, discounts are expected to widen further amid ample supply.

spot copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news

    timeApr 28, 2020 14:49timezoneCST
    timeApr 28, 2020 21:34timezoneCST
    timeApr 28, 2020 19:42timezoneCST
    timeApr 28, 2020 19:34timezoneCST
    timeApr 28, 2020 18:54timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 17:54timezoneCST
    timeApr 28, 2020 18:24timezoneCST
    timeApr 28, 2020 16:51timezoneCST
    timeApr 28, 2020 16:38timezoneCST