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[Cu] Summary - 2009/10/9 Spot Copper Market
SHANGHAI, Oct. 9 (SMM) -- East China, traded prices were in the RMB 49,150-49,450/mt range in Shanghai region today. A number of downstream consumers began purchasing after the holiday, but the rising copper prices limited the overall trading volumes. Traded prices were in the RMB 49,200-49,400/mt range in Shandong region. Higher copper prices curbed downstream purchasing interest, resulting in general trading sentiment.
South China, traded prices were in the RMB 49,200-49,500/mt range. Downstream enterprises were replenishing stocks after the holiday, but their cautious attitude towards market outlook limited the trading volumes to increase significantly, and the trading sentiment was general.
North China, traded prices were RMB 49,300-49,400/mt. Most buyers were cautious during the first trading day after the holiday, leading to general transactions.
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