[Cu Price] SHFE Copper to Remain in 41,500-42,500 yuan against Caution after Stock Plunge, SMM Says

SHANGHAI, Jul. 3 (SMM) – SHFE copper prices may hold steady in the 41,500-42,500 yuan per tonne range next week, SMM research team says.

“Although trading activities in stock market declined, capital may not flow back to commodity market immediately, besides, the turbulence in China’s stock market is leaving market cautious,” SMM analyst notes.

LME copper is likely to remain at $5,700-5,850 per tonne.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.