SHFE Copper to Strengthen (2016-11-10)-Shanghai Metals Market

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SHFE Copper to Strengthen (2016-11-10)

Price Review & Forecast 10:09:10AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – LME copper will range between USD 5,380-5,450/mt during Asian trading hours on Thursday and SHFE 1701 copper is expected to move at RMB 42,800-43,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 30/mt to premiums of RMB 30/mt on Thursday.

Key Words:  SHFE copper  LME copper  copper prices 

Price

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#1 Refined Cu
Apr.18
49600.0
40.0
(0.08%)
Yangshan Copper Premium(Bill of Lading)
Apr.18
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.18
50.5
-1.0
(-1.94%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.12
68.5
-0.5
(-0.72%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

SHFE Copper to Strengthen (2016-11-10)

Price Review & Forecast 10:09:10AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – LME copper will range between USD 5,380-5,450/mt during Asian trading hours on Thursday and SHFE 1701 copper is expected to move at RMB 42,800-43,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 30/mt to premiums of RMB 30/mt on Thursday.

Key Words:  SHFE copper  LME copper  copper prices