SHFE Copper to See Range-Bound Trading (2016-11-24)-Shanghai Metals Market

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SHFE Copper to See Range-Bound Trading (2016-11-24)

Price Review & Forecast 09:52:10AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – LME copper is expected to range between USD 5,650-5,750/mt during Asian trading hours on Thursday and SHFE 1701 copper will move at RMB 46,800-47,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 110-70/mt on Thursday.

Key Words:  SHFE copper  LME copper  copper prices 

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%)

SHFE Copper to See Range-Bound Trading (2016-11-24)

Price Review & Forecast 09:52:10AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – LME copper is expected to range between USD 5,650-5,750/mt during Asian trading hours on Thursday and SHFE 1701 copper will move at RMB 46,800-47,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 110-70/mt on Thursday.

Key Words:  SHFE copper  LME copper  copper prices