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Home / Metal News / LME Copper to See Range-Bound Trading (2016-12-19)

LME Copper to See Range-Bound Trading (2016-12-19)

iconDec 19, 2016 10:14
Source:SMM
LME copper is expected to range between USD 5,600-5,670/mt with resistance on Monday and SHFE 1702 copper will move at RMB 46,000-46,500/mt.

SHANGHAI, Dec. 19 (SMM) – Market players are more likely to withdraw funds at the end of year. LME copper is expected to range between USD 5,600-5,670/mt with resistance on Monday and SHFE 1702 copper will move at RMB 46,000-46,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 120-80/mt on Monday.

SHFE copper
LME copper
copper prices

For queries, please contact William Gu at williamgu@smm.cn

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