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LME Copper to Stay Range-Bound (2016-9-27)
Sep 27, 2016 10:01Source:SMM
LME copper will range at USD 4,820-4,865/mt on Tuesday and SHFE 1611 copper should fluctuate at RMB 37,650-37,900/mt.
SHANGHAI, Sept. 27 (SMM) - Profits at China’s large industrial enterprises in August, which will be released on Tuesday, are expectedto be positive. LME copper will range at USD 4,820-4,865/mt on Tuesday and SHFE 1611 copper should fluctuate at RMB 37,650-37,900/mt.
In China’s domestic market, spot copper is expected to stay firm with premiums of RMB 90-120/mt before China’s National Day holiday from October 1-7.
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