LME Copper to Hover at Highs (2016-11-14)-Shanghai Metals Market

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LME Copper to Hover at Highs (2016-11-14)

Price Review & Forecast 10:04:43AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Prices volatilized largely last Friday in SHFE market. LME copper is expected to range between USD 5,500-5,600/mt during Asian trading hours on Monday and SHFE 1701 copper will move at RMB 43,800-45,000/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 20-80/mt on Monday with nearing of delivery date.

Key Words:  SHFE copper  LME copper  copper prices 

Price

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#1 Refined Cu
Apr.24
49045.0
-145.0
(-0.29%)
Standard-Grade Copper
Apr.24
49000.0
-140.0
(-0.28%)
High-Grade Copper
Apr.24
49090.0
-140.0
(-0.28%)
Guixi copper
Apr.24
49100.0
-140.0
(-0.28%)
Low-quality copper
Apr.24
48940.0
-135.0
(-0.28%)

LME Copper to Hover at Highs (2016-11-14)

Price Review & Forecast 10:04:43AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Prices volatilized largely last Friday in SHFE market. LME copper is expected to range between USD 5,500-5,600/mt during Asian trading hours on Monday and SHFE 1701 copper will move at RMB 43,800-45,000/mt.

In China’s domestic market, spot copper should trade at premiums of RMB 20-80/mt on Monday with nearing of delivery date.

Key Words:  SHFE copper  LME copper  copper prices