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LME Copper to Stay Range-Bound (2016-9-20)
Sep 20, 2016 09:52Source: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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