LME Copper Sets for Losses (2016-11-3)-Shanghai Metals Market

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LME Copper Sets for Losses (2016-11-3)

Price Review & Forecast 09:50:35AM Nov 03, 2016 Source:SMM

SHANGHAI, Nov. 3 (SMM) – LME copper is predicted to range at USD 4,870-4,915/mt during Asian trading hours on Thursday and SHFE 1701 copper will move between RMB 38,700-38,950/mt.

In China’s domestic market, spot premiums should rise slightly to RMB 130-180/mt on Thursday with falling SHFE 1701 copper.

Key Words:  LME copper  SHFE copper  copper prices 

Price

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#1 Refined Cu
Apr.23
49190.0
-260.0
(-0.53%)
Yangshan Copper Premium(Bill of Lading)
Apr.23
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.23
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

LME Copper Sets for Losses (2016-11-3)

Price Review & Forecast 09:50:35AM Nov 03, 2016 Source:SMM

SHANGHAI, Nov. 3 (SMM) – LME copper is predicted to range at USD 4,870-4,915/mt during Asian trading hours on Thursday and SHFE 1701 copper will move between RMB 38,700-38,950/mt.

In China’s domestic market, spot premiums should rise slightly to RMB 130-180/mt on Thursday with falling SHFE 1701 copper.

Key Words:  LME copper  SHFE copper  copper prices