Copper Spot Premiums Fall Sharply in Shanghai on Selloffs, SMM Reports

Published: Sep 8, 2017 13:26

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Spot premiums of copper dropped rapidly on September 8 due to more supplies, SMM reports.

SHANGHAI, Sept. 8 (SMM) – Spot premiums of copper dropped rapidly on September 8 due to more supplies, SMM reports.

Yunnan Copper Successfully Runs Trial Production at New Die-Casting Line

Hedge traders are profitable as SHFE copper continued falling. Meanwhile, cargo holders sell actively to generate cash at the week’s end.

China Copper Ore and Concentrate Imports Up Jan-Jul to Echo Recovery in Overseas Supply, SMM Says

Spot premiums fell from 20~50 to 20~40 yuan per tonne early this morning. Spot premiums then dropped to 20 yuan per tonne for high-quality copper during the second session, with zero for standard-quality copper.

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Spot premiums copper price SHFE copper price

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

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