LME Copper Sets for Gains (2016-9-22)

Published: Sep 22, 2016 09:35

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LME copper is predicted to move at USD 4,760-4,800/mt on Thursday and SHFE 1611 copper will range between RMB 37,200-37,550/mt.

SHANGHAI, Sept. 22 (SMM) – US Fed announced to hold interest rate unchanged and keep easing monetary policy on Wednesday night. US dollar index dropped while American stock and gold prices rose. LME copper is predicted to move at USD 4,760-4,800/mt on Thursday and SHFE 1611 copper will range between RMB 37,200-37,550/mt.

In China’s domestic market, spot copper should be traded at premiums of RMB 80-110/mt on Thursday.

LME copper prices SHFE copper Copper prices

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