LME Copper to Strengthen (2016-9-21)
LME copper is predicted to move at USD 4,750-4,790/mt on Wednesday and SHFE 1611 copper will range between RMB 37,250-37,550/mt.
SHANGHAI, Sept. 21 (SMM) - Falling US dollar and rising crude oil help copper prices up. LME copper is predicted to move at USD 4,750-4,790/mt on Wednesday and SHFE 1611 copper will range between RMB 37,250-37,550/mt.
In China’s domestic market, spot copper should be traded at premiums of RMB 70-110/mt on Wednesday.
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