LME Copper to See Range-Bound Trading (2016-11-7)-Shanghai Metals Market

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LME Copper to See Range-Bound Trading (2016-11-7)

Price Review & Forecast 09:52:21AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – LME copper should fluctuate between USD 4,950-5,000/mt during Asian trading hours on Monday and SHFE 1701 copper will range at RMB 39,150-39,600/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 90-140/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
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 to See Range-Bound Trading (2016-11-7)

Price Review & Forecast 09:52:21AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – LME copper should fluctuate between USD 4,950-5,000/mt during Asian trading hours on Monday and SHFE 1701 copper will range at RMB 39,150-39,600/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 90-140/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices