LME Copper to See Range-Bound Trading (2016-12-5)

Published: Dec 5, 2016 10:17

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LME copper is expected to range between USD 5,730-5,800/mt during Asian trading hours on Monday and SHFE 1702 copper will move at RMB 46,200-46,950/mt.

SHANGHAI, Dec. 5 (SMM) – LME copper is expected to range between USD 5,730-5,800/mt during Asian trading hours on Monday and SHFE 1702 copper will move at RMB 46,200-46,950/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 50/mt to premiums of RMB 20/mt on Monday.

SHFE copper LME copper copper prices

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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