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Home / Metal News / LME Copper to Stay Range-Bound (2016-9-20)

LME Copper to Stay Range-Bound (2016-9-20)

Sep 20, 2016 09:52

Source:SMM

LME copper is expected to range at USD 4,740-4,770/mt on Tuesday and SHFE 1611 copper will move at RMB 37,100-37,400/mt.

SHANGHAI, Sept. 20 (SMM) – LME copper fluctuates in a narrow range with resistance at the 60-day moving average, waiting for result of US September FOMC meeting. LME copper is expected to range at USD 4,740-4,770/mt on Tuesday and SHFE 1611 copper will move at RMB 37,100-37,400/mt. In China’s domestic market, spot copper should be traded at premiums of RMB 70-120/mt on Tuesday.

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SHFE 1705 copper started at RMB 46,590/mt and closed at RMB 46,650/mt, down RMB 320/mt.

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SMM Comments

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LME copper will range between USD 5,460-5,540/mt during Asian trading hours on Friday and SHFE 1702 copper is expected to move at RMB 44,300-45,050/mt.

Dec 23, 2016 10:25

SMM Comments

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Sep 26, 2016 18:08

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Sep 26, 2016 17:58

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LME Copper to Stay Range-Bound (2016-9-20)

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