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Home / Metal News / Shanghai Copper Remains at Discounts (2015-12-28)

Shanghai Copper Remains at Discounts (2015-12-28)

Dec 28, 2015 10:04

Spot copper in China should trade at discounts of RMB 100-180/mt against SHFE 1601 copper with limited cargo holders in market.

SHANGHAI, Dec. 28 (SMM) – Spot copper in China should trade at discounts of RMB 100-180/mt against SHFE 1601 copper with limited cargo holders in market.

See forecast for other base metals, please click:Base Metals to See Light Trading in Pre-holiday Week, with Firm Prices, SMM Says

LME is still closed today. SHFE 1603 copper is expected to shift to the most active contract on Dec. 28 and will move between RMB 36,300-36,500/mt today with tepid trading in market.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-28)

spot copper prices

SHFE copper prices

copper prices

Cu price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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