Spot copper offers inch up in Shanghai

Published: May 4, 2018 11:51

Save

Spot copper in the Shanghai market was offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt on the morning of Friday May 4, SMM learned.

SHANGHAI, May 4 (SMM) – Spot copper in the Shanghai market was offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt on the morning of Friday May 4, SMM learned.

This was slightly up from a discount of 50-10 yuan/mt in the previous morning.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

copper spot offer

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

53 mins ago

Ningbo Zhenhai Copper Scrap Yard Visit -- High-Grade Copper Scrap in Short Supply, #2 Copper Semis Dominant [SMM Analysis]

[SMM Analysis: Visit to Ningbo Zhenhai Copper Scrap Yard — High-Grade Copper Scrap in Short Supply, #2 Copper Semis Dominate] This week, SMM headed to major copper scrap yards in Ningbo's Zhenhai district for a visit. Since the beginning of this year, due to the implementation of "reverse invoicing" in the copper scrap industry, many scrap utilization enterprises were unable to carry out large-scale "reverse invoicing" and had to increase their procurement volume of imported copper scrap. Based on the visit, inventory of copper scrap at major yards was not ample. As demand for copper scrap outside China continued to grow, yard managers also indicated that imports of copper scrap were expected to decline in the future...

53 mins ago

2 hours ago

The price difference between primary metal and scrap has widened, but it is not solely due to rising copper prices!

According to SMM's observations, since July, copper cathode prices have risen from 103,000 yuan/mt to 108,600 yuan/mt, an increase of over 6,400 yuan/mt, but the price of domestic bare bright copper wire (excluding tax) only rose from 90,000 yuan/mt to 91,700 yuan/mt, an increase of less than 1,800 yuan/mt

2 hours ago

16 hours ago

40 Oil Tankers Transport 16 Million Barrels of Crude Through Strait of Hormuz

According to US media Axios quoting three US officials on the 22nd, on the evening of the 21st, about 40 oil tankers passed through the southern channel of the Strait of Hormuz, shipping out about 16 million barrels of crude oil.

16 hours ago