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LME Copper to Move in a Tight Range (2016-9-28)
Sep 28, 2016 10:25Source:SMM
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.
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