Copper Prices to Keep Rising, SMM Says-Shanghai Metals Market

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Copper Prices to Keep Rising, SMM Says

SMM Insight 06:13:55PM Nov 11, 2016 Source:SMM

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. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

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%)

Copper Prices to Keep Rising, SMM Says

SMM Insight 06:13:55PM Nov 11, 2016 Source:SMM

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. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.