LME Copper to Stay Range Bound (2016-11-15)-Shanghai Metals Market

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LME Copper to Stay Range Bound (2016-11-15)

Price Review & Forecast 09:58:18AM Nov 15, 2016 Source:SMM

SHANGHAI, Nov. 15 (SMM) – LME copper is predicted to move between USD 5,500-5,620/mt during Asian trading hours on Tuesday and SHFE 1701 copper will fluctuate at RMB 43,850-45,250/mt.

In China’s domestic market, spot copper is quoted over SHFE 1612 lead and should trade at premiums of RMB 60-120/mt on Tuesday.

Key Words:  SHFE copper  LME copper  copper prices 

Price

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#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 Stay Range Bound (2016-11-15)

Price Review & Forecast 09:58:18AM Nov 15, 2016 Source:SMM

SHANGHAI, Nov. 15 (SMM) – LME copper is predicted to move between USD 5,500-5,620/mt during Asian trading hours on Tuesday and SHFE 1701 copper will fluctuate at RMB 43,850-45,250/mt.

In China’s domestic market, spot copper is quoted over SHFE 1612 lead and should trade at premiums of RMB 60-120/mt on Tuesday.

Key Words:  SHFE copper  LME copper  copper prices