Home / Metal News / Trading Picks up in Shanghai Spot Copper Market (Nov. 6, 2015)

Trading Picks up in Shanghai Spot Copper Market (Nov. 6, 2015)

iconNov 6, 2015 13:19
Source:SMM
On Friday, spot copper traded at discounts of RMB 0-60/mt in Shanghai market.

SHANGHAI, Nov. 6 (SMM) – On Friday, spot copper traded at discounts of RMB 0-60/mt in Shanghai market. Mainstream prices were RMB 37,960-38,080/mt for standard-quality copper and RMB 38,000-38,120/mt for high-quality copper.

Cargo holders were unwilling to sell at lows today, narrowing spot discounts. And spot discounts on high-quality copper returned to a par. Traders sourced goods in market and favored hydro-copper and standard-quality copper. This pushed stand-quality copper prices up. And downstream buyers also entered market. Market activities recovered significantly from Thursday and most transactions were done among traders.

spot copper price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All