Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Spot copper premiums dip from highs as import window opens

Spot copper premiums dip from highs as import window opens

Aug 7, 2018 15:56

Source:SMM

Spot copper was mostly offered at a premium of 50-110 yuan/mt over the SHFE 1808 contract in Shanghai on Aug 7

SHANGHAI, Aug 7 (SMM) – Spot copper was mostly offered at a premium of 50-110 yuan/mt over the SHFE 1808 contract in Shanghai on Tuesday August 7. This compared with a premium of 50-90 yuan/m on Monday.

Overall premiums inched up from the previous day but failed to remain at highs in the morning as the import window opened. Inflows of Baiyin Honglu brand and Jintian brand warrants during the second trading session for the morning, at a premium of 50 yuan/mt, also lowered offers by sellers.

Offers of high-quality copper dipped from a premium of 110 yuan/mt to 80 yuan/mt during the morning, but drew little interest. When premiums of standard-quality products fell to 60-70 yuan/mt, transactions picked up. Premiums of hydro-copper remained around 20-40 yuan/mt in the morning.

The SHFE 1808 contract hovered around the 20-day moving average, and closed at 49,215 yuan/mt at the end of the morning trading session, up 40 yuan from that time on Monday August 6.

At noon, high-grade copper traded at 49,260-49,350 yuan/mt and standard-quality copper traded at 49,240-49,330 yuan/mt.

Market commentary

Futures movement

Spot copper

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

Data: SHFE, DCE market movement (Jul 2)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 2, 2021

time

Jul 2, 2021 15:24

Data: SHFE, DCE market movement (Jul 2)

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Shanghai base metals traded mixed on Friday morning as traders monitored the European Central Bank's latest meeting and the beginning of Joe Biden's presidency. Meanwhile, their counterparts on the LME also set for a mixed start.

time

Jan 22, 2021 10:00

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

SMM Morning Comments (Jan 11): Shanghai base metals fell across the board as investors awaited the release of Chinese inflation data for December

Nonferrous metals on both SHFE and LME declined across the board on Monday morning. Developments on the coronavirus front will likely continue to be monitored by investors and could weigh on sentiment.

time

Jan 11, 2021 10:00

SMM Morning Comments (Jan 11): Shanghai base metals fell across the board as investors awaited the release of Chinese inflation data for December

SMM Morning Comments (Jan 5): Shanghai base metals were mostly higher following overnight Wall Street plunge

Nonferrous metals on the SHFE were mostly higher on Tuesday morning, and their counterparts on the LME rose across the board, following an overnight drop on Wall Street as fears surrounding the coronavirus pandemic lingered.

time

Jan 5, 2021 10:00

SMM Morning Comments (Jan 5): Shanghai base metals were mostly higher following overnight Wall Street plunge

SMM Morning Comments (Nov 30): Shanghai base metals increased across the board China’s manufacturing activities continued to expand in November

Shanghai base metals and their counterparts on the LME all cruised higher on Monday morning, holding onto their last Friday gains.

time

Nov 30, 2020 10:15

SMM Morning Comments (Nov 30): Shanghai base metals increased across the board China’s manufacturing activities continued to expand in November

SMM Morning Comments (Nov 26): Shanghai base metals were mostly lower as investors reacted to Fed meeting minutes

Shanghai base metals mostly declined on Thursday morning, as investors reacted to minutes released overnight from the US Federal Reserve's November meeting. Meanwhile, their counterparts on the LME were mostly higher on the board.

time

Nov 26, 2020 09:39

SMM Morning Comments (Nov 26): Shanghai base metals were mostly lower as investors reacted to Fed meeting minutes

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

Nonferrous metals on the SHFE were mostly higher on Friday morning, and their counterparts on the LME also rose for the most part.

time

Nov 20, 2020 09:25

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SHFE nonferrous metals were mostly higher on Monday November 16 on the signing of the Regional Comprehensive Economic Partnership (RECP) over the weekend and upbeat Chinese economic data released today.

time

Nov 16, 2020 18:48

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

Shanghai base metals traded mixed on Thursday morning following an overnight bounce for tech stocks on Wall Street as a recent rotation into cyclicals paused. Meanwhile, their counterparts on the LME also set for a mixed start.

time

Nov 12, 2020 09:28

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

SMM Evening Comments (Nov 11): Shanghai nonferrous metals ended mostly lower, aluminium rose 1.57%

Shanghai base metals fell for the most part on Wednesday November 11. Copper slid 0.35%, zinc weakened 0.91%, nickel edged down 0.07% and tin fell 0.68%, while aluminium rose 1.57% and lead climbed 0.34%.

time

Nov 11, 2020 18:36

SMM Evening Comments (Nov 11): Shanghai nonferrous metals ended mostly lower, aluminium rose 1.57%

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.