Copper Prices to Keep Rising, SMM Says

Published: Nov 11, 2016 18:13
Copper prices will extend gains in the coming week, SMM says.

SHANGHAI, Nov. 11 (SMM) - Copper prices will extend gains in the coming week, SMM says.

LME copper will rise to $6,000 per tonne in the coming week, and SHFE 1701 copper will advance to 48,000 yuan per tonne in the coming week.

But the US dollar will remain strong, constraining some gains in copper, SMM added. 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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