关于我们内页广告图
NewsCurrent Location : HomeNewsNews

SMM Base Metals Market Daily Review (2015-1-8)

Release time:2015-01-12

Jan 09, 2015 02:12 GMT   Source:SMM

 

SHANGHAI, Jan. 9 (SMM) –    Copper  Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 44,650/mt in Wednesday’s night session and then rose slightly to close flat at RMB 44,660/mt. During the night session, trading volumes for the SHFE 1503 copper contract totaled over 100,000 lots, while positions gained by 1,002.   SHFE copper fluctuated narrowly around RMB 45,780/mt ahead of the morning trading session, but later finished up RMB 20/mt, or 0.04% at RMB 44,680/mt. Trading volumes for the most active contract decreased 109,000 lots, while positions fell 3,126 lots.   Spot copper in Shanghai was quoted Thursday at a RMB 40-160/mt discount to the SHFE 1501 copper contract. Standard- and high-quality copper sold for RMB 45,380-45,540/mt and RMB 45,420-45,600/mt, respectively.   The SHFE/LME copper price ratio remained high following a small rebound in SHFE copper, allowing for further inflows of imported copper. In addition, cargo holders ramped up sales as the price gap between the SHFE 1501 and 1502 copper contracts expanded to over RMB 400/mt. The resulting increase in copper supply pushed spot discounts up, with discounts for high-quality copper up to more than RMB 100/mt by the midday. Middlemen became less active on Thursday, while downstream producers bought mostly as needed, leaving trading light. Spot copper was offered at a RMB 100-160/mt discount in the afternoon trading and traded slightly lower at RMB 45,350-45,500/mt    Aluminum       On Wednesday night, SHFE 1503 aluminum contract tracked LME aluminum up to RMB 12,845/mt after starting at RMB 12,780/mt, and finished the night session at ......

Key words:SMM LME lead pricesSLA battery,ups battery,agm battery,gel battery,solar battery,rechargeable battery,

6v4ah,12v7ah,12v18ah,12v33ah,12v100ah,12v200ah,6v220ah.