LME Copper to See Range-Bound Trading (2016-9-1)-Shanghai Metals Market

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LME Copper to See Range-Bound Trading (2016-9-1)

Price Review & Forecast 09:49:07AM Sep 01, 2016 Source:SMM

SHANGHAI, Sept.1 (SMM) – Struggle between shorts and longs intensifies in peak season. Rebound of base metals price should limited with more negative factors for the short term.

LME copper should range between USD 4,610~4,650/mt on Thursday and SHFE 1610 copper will fluctuate at RMB 36,200~36,550/mt. Spot prices in China are expected to trade at premiums of RMB 30-70/mt. 


LME Copper to See Range-Bound Trading (2016-9-1)

Price Review & Forecast 09:49:07AM Sep 01, 2016 Source:SMM

SHANGHAI, Sept.1 (SMM) – Struggle between shorts and longs intensifies in peak season. Rebound of base metals price should limited with more negative factors for the short term.

LME copper should range between USD 4,610~4,650/mt on Thursday and SHFE 1610 copper will fluctuate at RMB 36,200~36,550/mt. Spot prices in China are expected to trade at premiums of RMB 30-70/mt.