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LME Copper to See Range-Bound Trading (2017-1-5)
Jan 5, 2017 10:06LME copper is expected to move at USD 5,550-5,650/mt during Asian trading hours on Thursday and SHFE 1703 copper will move at RMB 45,500-46,100/mt.
SHANGHAI, Jan. 5 (SMM) – LME copper is expected to move at USD 5,550-5,650/mt during Asian trading hours on Thursday and SHFE 1703 copper will move at RMB 45,500-46,100/mt.
In China’s domestic market, spot copper should trade at discounts of RMB 140-60/mt on Thursday.
SHFE copper
LME copper
copper prices
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SHFE 1704 copper started at RMB 47,210/mt and closed at RMB 47,760/mt, down 810/mt or 1.67%.
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