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Home / Metal News / Lower SHFE/LME Copper Price Ratio Curtails Imported Copper Flows to Spot Market

Lower SHFE/LME Copper Price Ratio Curtails Imported Copper Flows to Spot Market

iconSep 5, 2017 13:18
Source:SMM
Supply of imported copper was limited in Shanghai spot market due to lower SHFE/LME copper price ratio.

SHANGHAI, Sept. 5 (SMM) – Supply of imported copper was limited in Shanghai spot market due to lower SHFE/LME copper price ratio, which fell to around 7.7 today. 

Commerzbank Sees Growing Possibility of Corrections in Base Metals

SHFE copper held firm at above 53,000 yuan/tonne mark, encouraging suppliers in Shanghai spot market to raise offers.  Standard-quality copper traded between 53,230-53,330 yuan/tonne, while high-quality copper traded between 53,250-53,350 yuan/tonne. Spot offers were at premiums of 0-50 yuan/tonne over SHFE 1709 copper. 

Environmental Crackdowns Hit Copper Rod Makers in Zhejiang, SMM Survey 

Some speculators entered the market to stockpile goods. 

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

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