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Home / Metal News / LME Copper to Move in a Tight Range (2016-9-28)

LME Copper to Move in a Tight Range (2016-9-28)

iconSep 28, 2016 10:25
LME copper will range at USD 4,780-4,815/mt and test support at the 60-day moving average during Asian trading hours. SHFE 1611 copper is predicted to fluctuate between RMB 37,300-37,600/mt today.

SHANGHAI, Sept. 28 (SMM) - On Wednesday, LME copper will range at USD 4,780-4,815/mt and test support at the 60-day moving average during Asian trading hours. SHFE 1611 copper is predicted to fluctuate between RMB 37,300-37,600/mt today.

In China’s domestic market, spot copper premiums should rise slightly by RMB 100-150/mt on Wednesday.  


SHFE copper prices
LME copper prices
copper prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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