Spot Copper Trading Improves in Shanghai after Dip-Buyers Rush in Market, SMM Reports-Shanghai Metals Market

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Spot Copper Trading Improves in Shanghai after Dip-Buyers Rush in Market, SMM Reports

SMM Insight 05:19:30PM Aug 16, 2017 Source:SMM

SHANGHAI, Aug. 16 (SMM) – SHFE copper fell below 50,000 yuan per tonne today, attracting bargin hunters to enter the market.

Glencore Shuts down Copper-Cobalt Mine in Zambia

Downstream buyers increased their purchases, and traders bought goods at spot discounts around 100 yuan per tonne for high-quality copper for term contract delivery. Overall trading improved.

COMEX Copper Inventories (2017-8-16)

Traded prices are 49,870-49,950 yuan per tonne for standard-quality copper, and 49,890-49,970 yuan per tonne for high-quality copper.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Spot Copper Trading Improves in Shanghai after Dip-Buyers Rush in Market, SMM Reports

SMM Insight 05:19:30PM Aug 16, 2017 Source:SMM

SHANGHAI, Aug. 16 (SMM) – SHFE copper fell below 50,000 yuan per tonne today, attracting bargin hunters to enter the market.

Glencore Shuts down Copper-Cobalt Mine in Zambia

Downstream buyers increased their purchases, and traders bought goods at spot discounts around 100 yuan per tonne for high-quality copper for term contract delivery. Overall trading improved.

COMEX Copper Inventories (2017-8-16)

Traded prices are 49,870-49,950 yuan per tonne for standard-quality copper, and 49,890-49,970 yuan per tonne for high-quality copper.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.