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Home / Metal News / LME Copper to Hover at Highs (2016-11-4)

LME Copper to Hover at Highs (2016-11-4)

Nov 4, 2016 09:39

Source:SMM

LME copper is expected to hover between USD 4,920-4,960/mt on Friday and SHFE 1701 copper should keep hovering at RMB 39,000-39,400/mt.

SHANGHAI, Nov. 4 (SMM) – LME copper is expected to hover between USD 4,920-4,960/mt on Friday and will keep rising on Friday’s night trading. Market players turn to be wary on SHFE 1701 copper, waiting for direction from US nonfarm payroll report. SHFE 1701 copper should keep hovering at RMB 39,000-39,400/mt on Friday.

In China’s domestic market, spot copper should trade at premiums of RMB 120-170/mt on Friday.

LME copper

SHFE copper

copper prices

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LME Copper to Hover at Highs (2016-11-4)

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