Shanghai Spot Copper Trades at Discounts of RMB 30-80/mt (Nov. 5, 2015)

SHANGHAI, Nov. 5 (SMM) – Spot copper was offered at discounts of RMB 30-80/mt in Shanghai on Thursday, versus RMB 38,480-38,660/mt for standard-quality copper and RMB 38,500 -38,690/mt for high-quality copper.

Spot discounts on high-quality copper expanded first but standard-quality copper prices held firm. Mainstream prices were at discounts of RMB 40-80/mt. In the afternoon business, traders hunted for cheaper goods with ample spot supply and transactions picked up gradually. Downstream buyers purchased as needed. Trading activities are expected to be pushed by expanded discounts.