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Spot Copper Sees Slack Trading despite Lower Spot Premiums, SMM Reports
Sep 11,2017 13:08CST
smm insight
Source:SMM
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.

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

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

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