LME Copper to See Range-Bound Trading (2016-9-26)

Published: Sep 26, 2016 09:48

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LME copper will fluctuate at USD 4,840-4,875/mt on Monday and SHFE 1611 copper will range between RMB 37,650-37,950/mt.

SHANGHAI, Sept. 26 (SMM) – LME copper rose last Friday with positions opening by longs but then met resistance because there was no more positive news. LME copper will fluctuate at USD 4,840-4,875/mt on Monday and SHFE 1611 copper will range between RMB 37,650-37,950/mt.

In China’s domestic market, spot copper should be traded at premiums of RMB 100-120/mt on Monday.

LME copper prices SHFE copper prices Copper prices

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