Copper cathodes - Last update: August, 27, 2008
Brands currently available:
Premium copper:
Imported: Chile(CCC, ENM, AE), Poland(Daban), Japan(MITSUBISHI, OSR, SR), Peru
China: Guiye, Tiefeng, Jintun, Yunye, Jinchuan(high purity)
Parity copper:
Imported: Chile(CCC-P), Poland(Xiaoban), Korea(ONSAN), Zambia, Philippines, USA, Brazil, Norway, Belgium, Kazakstan, India
China: Dajiang, Tongguan, Tiger, Shangye, Jinchuan, Ningbo Jintian, Honglu, Datong, Zhongtiaoshan, Huludao
Other: CDA, CMCC, QB, Peru(SPCC), Australia, etc.
Note: The spot price of copper on the day in Shanghai refers to the price range of main transactions period of the day. These prices are fixed according to the prices on the main market, producers and distributors.
SMM spot price covers the above brands.
| Product Name |
Latest Price |
Average |
Change |
Backwardation/Contango |
| Copper Cu_Ag>=99.95% |
60800-61000 |
60900 |
-675 |
(b)650-750 |
Price range of transaction for standard, imported and premium copper cathodes (include VAT)
| Product Name |
Price |
Change |
| Parity copper |
60800-60900 |
-675 |
| Premium copper |
60900-61000 |
-675 |
| Imported |
60800-61000 |
-675 |
| Shangye |
61000 |
-600 |
| CCC, Chile |
Out of stock |
- |
|
Weekly Forecast by SMM Specialist- Last update: August, 25, 2008
- Rallying 8
- Constant 18
- Falling 23
(Aug.27) As the dollar rose to the six-month high against the euro, metals declined. Copper inventories increased by 3,100 tonnes to 166,900 tonnes; price fell 1 percent and closed at 7,570 usd.
Shanghai copper declined as well, futures fluctuated around 58,500-59,800 yuan, except contracts for September delivery. Spot price broke 61,000 yuan. As imported copper will arrive in September, the supply of copper increased. Though there was a premium of 700 yuan, trading was worse.
(Aug.26) Shanghai copper futures fluctuated, only contracts for September delivery traded over 60,000 yuan. In spot market, copper traded actively in the range 61,400-61,650 yuan, 600-700 premiums over futures in the morning. Then trading weakened and traded at 61,000-61,200 yuan as futures declined. Large quantities of imported copper will arrived in Shanghai, according to industry source.
(Aug.25) Oil declined sharply, by 5.44 percent, or more than 6 usd per barrel, the biggest one-day loss since 2004. The U.S. currency rose, while metals fell. Copper inventories monitored by the London Metal Exchange gained 7,250 tonnes to 163,800 tonnes on Aug. 22, the highest since Feb.11. Copper closed at 7,660 usd, fell 2.4 percent.
Shanghai copper futures jumped by more than 1 percent. Spot price declined by 400 yuan and most traded in the range 61,350-61,550 yuan. However, premium remained at 700-850 yuan. Besides, LME closed on August 25 (London Summer Bank Holiday),. Traders waited and trading was not active.
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