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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

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.

SHFE copper

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

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