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Home / Metal News / LME Copper to Move Lower (2017-3-10)

LME Copper to Move Lower (2017-3-10)

Mar 10, 2017 09:54

Source:SMM

LME copper will trade at USD 5,650-5,710/mt on Friday and SHFE 1704 copper will move at RMB 46,000-46,500/mt.

SHANGHAI, Mar. 10 (SMM) – LME copper will trade at USD 5,650-5,710/mt on Friday and SHFE 1704 copper will move at RMB 46,000-46,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 40-80/mt on Friday.

SHFE copper

LME copper

copper prices

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SMM Comments

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SHFE 1709 copper opened at RMB 47,330/mt and closed at RMB 47,250/mt, up RMB 410/mt.

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LME copper will move at USD 5,560-5,610/mt during Asian trading hours on Thursday and SHFE 1706 copper will move at RMB 45,400-45,800/mt.

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LME copper will trade at USD 5,700-5,760/mt on Monday and SHFE 1704 copper will move at RMB 46,800-47,300/mt.

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SMM Comments

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LME Copper to Move Lower (2017-3-10)

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