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Home / Metal News / SHFE Copper to Move Lower (2016-9-9)

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

Sep 9, 2016 09:42

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

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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