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LME Copper to Face Downward Pressure (2016-9-19)
Sep 19, 2016 09:45Source:SMM
LME copper is predicted to keep testing support at the 40-day moving average and will range between USD 4,730-4,770/mt on Monday. SHFE 1611 copper is expected to move at RMB 37,000-37,400/mt today.
SHANGHAI, Sept. 19 (SMM) – LME copper is predicted to keep testing support at the 40-day moving average and will range between USD 4,730-4,770/mt on Monday. SHFE 1611 copper is expected to move at RMB 37,000-37,400/mt today.
In China’s domestic market, spot copper should be traded at premiums of RMB 50-120/mt on Monday.
LME copper prices
SHFE copper prices
Copper prices
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