LME Copper to Hover at Highs (2016-11-8)

Price Review & Forecast 09:38:11AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – LME copper is expected to move between USD 5,030-5,130/mt during Asian trading hours on Tuesday and SHFE 1701 copper will fluctuate at RMB 40,000-40,800/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 20-100/mt on Tuesday.

Key Words: SHFE copper LME copper copper prices

Price

#1 Refined Cu

Apr.19

49430.0

-170.0

(-0.34%)

Yangshan Copper Premium(Bill of Lading)

Apr.19

51.5

0.0

(0.00%)

Yangshan Copper Premium(Warehouse Warrant)

Apr.19

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 Hover at Highs (2016-11-8)

Price Review & Forecast 09:38:11AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – LME copper is expected to move between USD 5,030-5,130/mt during Asian trading hours on Tuesday and SHFE 1701 copper will fluctuate at RMB 40,000-40,800/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 20-100/mt on Tuesday.

Key Words: SHFE copper LME copper copper prices