LME Copper to Stay Range-Bound (2016-9-27)

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.