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[Cu] Summary - 2009/9/3 Spot Copper Market
SHANGHAI, Sept. 3 (SMM) -- East China, traded prices for spot copper were in the RMB 47,850-48,500/mt range in Shanghai region today. Copper prices continued to recover in the afternoon, and suppliers were slightly reluctant to sell goods, while buyers stood on sidelines, leaving declining transactions. Traded prices for spot copper were in the RMB 48,000-48,200/mt range in Shandong region. Copper prices rebounded from lowest level, stimulating the purchasing interest and resulting in brisk trading sentiment.
South China, traded prices were in the RMB 48,000-48,400mt range for spot copper. Trading sentiment improved slightly, but downstream consumers remained cautious.
North China, traded prices were RMB 48,000-48,500/mt for spot copper. Copper prices rebounded, stimulating downstream purchasing interest and leading to brisk trading sentiment.
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