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SHFE Copper to Move Lower (2016-12-8)
Dec 8, 2016 10:06Source:SMM
LME copper is predicted to range between USD 5,800-5,900/mt during the Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 47,000-47,800/mt.
SHANGHAI, Dec. 8 (SMM) – LME copper is predicted to range between USD 5,800-5,900/mt during the Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 47,000-47,800/mt.
In China’s domestic market, spot copper should trade at discounts of RMB 30/mt to premiums of RMB 40/mt on Thursday.
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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