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Home / Metal News / LME Copper to Extend Gains (2015-11-25)

LME Copper to Extend Gains (2015-11-25)

Nov 25, 2015 09:36

Given the back of Turkey-Russia tensions, LME copper will bounce back to USD 4,580-4,640/mt during Asian trading hours Wednesday.

SHANGHAI, Nov. 25 (SMM) – Given the back of Turkey-Russia tensions, LME copper will bounce back to USD 4,580-4,640/mt during Asian trading hours Wednesday.

See forecast for other base metals, please click:Shanghai Base Metals to See Short-Covering Rally, SMM Says

SHFE 1601 copper should range between RMB 34,500-35,100/mt on Nov. 25 and spot copper will trade between discounts of RMB 50/mt and premiums of RMB 30/mt against SHFE 1512 copper.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-25)

LME copper price

SHFE copper prices

Cu price

copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME Copper to Extend Gains (2015-11-25)

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