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SMM Copper Weekly Price Review and Forecast (Apr. 20-24, 2015)
Apr 21,2015 09:29CST
price review forecast
Source:SMM
SHFE copper outperformed LME copper and moved widely between RMB 42,600-43,600/mt. Trading volumes soared more than 1.8 million lots.

SHANGHAI, Apr. 21 (SMM) – SHFE copper outperformed LME copper and moved widely between RMB 42,600-43,600/mt. Trading volumes soared more than 1.8 million lots, and positions tumbled 35,000 before the weekend.

Downstream buyers began purchasing when copper prices fell to RMB 43,000/mt last week, helping improve spot trades.

China’s stock markets will extend gains, and SHFE copper may follow LME copper up to challenge RMB 44,000/mt.
 

SHFE copper

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