SHFE Copper to Move Lower (2016-9-9)

Published: Sep 9, 2016 09:42

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LME copper is expected to range between USD 4,640~4,680/mt on Friday and SHFE 1611 copper will fluctuate at RMB 36,450~36,750/mt.

SHANGHAI, Sept. 9 (SMM) - Crude oil rose due to falling inventory on Thursday night. US dollar index trends to increase. China’s CPI and PPI should keep divergent.

LME copper is expected to range between USD 4,640~4,680/mt on Friday and SHFE 1611 copper will fluctuate at RMB 36,450~36,750/mt.

In China’s domestic market, spot prices should be offered at premiums of RMB 60-100/mt on Friday.

SHFE copper prices LME copper prices copper prices

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