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[Cu] Summary - 2009/9/29 Spot Copper Market
SHANGHAI, Sept. 29 (SMM) -- East China, traded prices were in the RMB 46,450-46,700/mt range in Shanghai region today. The rising copper prices drove up the purchasing interest in the afternoon, so transactions were brisk. Traded prices were in the RMB 46,600-46,750/mt range in Shandong region. Copper prices continued to edge down, and downstream buying interest was higher due to the demand for pre-holiday stock replenishment, and the trading sentiment was bullish.
South China, traded prices were in the RMB 46,400-46,700/mt range. Market supply remained stable, and trading volumes increased due to buyer demand for stock replenishment when copper prices were low.
North China, traded prices were RMB 46,550-46,900/mt. Copper prices slipped constantly, stimulating the downstream purchasing interest. Traded prices were relatively higher in Tianjin region, and the trading sentiment was very brisk.
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