Trades for Spot Copper are Weak in Midyear (Jun. 30, 2015)

SHANGHAI, Jun. 30 (SMM) – Spot copper traded RMB 200-270/mt higher than SHFE 1507 copper in Shanghai Tuesday. Standard-quality copper settled at RMB 42,650-42,770/mt and RMB 42,680-42,800/mt for high-quality copper.

Markets turned to be quiet on this last trading day of middle 2015. Some cash-hungry cargo holders continued to ship goods out but few deals were made. Some traders entered market with spot premium narrowing. Downstream buyers watched from sideline under pressures from tight liquidity.