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[Cu] Summary - 2009/8/12 Spot Copper Market
SHANGHAI, Aug. 12 (SMM) -- East China, traded prices for spot copper were in the RMB 47,900-48,300/mt range in Shanghai region today, copper prices fell in the afternoon, and buyers adopted cautious attitude recently, and consumption was weak. Traded prices for spot copper were in the RMB 48,200-48,400/mt range in Shandong region. The wait-and-see sentiment dominated downstream consumers, and transactions were slim.
South China, traded prices were in the RMB 48,000-48,300/mt range for spot copper. Market supply was relative sufficient, with plenty of imported and domestic copper in the market. However, downstream consumers had no interest in purchases, so market remained quiet.
North China, traded prices were RMB 47,800-48,100/mt for spot copper. Market supply was moderate, and falling copper prices stimulated some buyers to purchase, but most consumers remained cautious, leading to general transactions.
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