Spot Copper Sees Slack Trading despite Lower Spot Premiums, SMM Reports

Published: Sep 11, 2017 13:08

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Spot trading in Shanghai copper market is quiet today as SHFE copper rose, SMM said.

SHANGHAI, Sept. 11 (SMM) - Spot trading in Shanghai copper market is quiet today as SHFE copper rose, SMM said.

Trading was relatively brisk when SHFE copper was below 51,000 yuan per tonne, but weakened as SHFE copper advanced.

Copper Inventories Grow in Shanghai Bonded Zone, SMM Reports

Cargo holders lowered spot premiums to 40-50 yuan per tonne to push trading, but to little avail.

Metals Prices Plunge across the Board on Strong Market Panic

Spot premiums were 10-50 yuan per tonne over SHFE front-month copper today, SMM reports.

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Copper prices SHFE copper prices spot premiums

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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