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Home / Metal News / LME Copper to See Range-Bound Trading (2017-5-17)

LME Copper to See Range-Bound Trading (2017-5-17)

May 17, 2017 09:12

Source:SMM

LME copper will move at USD 5,580-5,630/mt during Asian trading hours on Wednesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.s

SHANGHAI, May 17 (SMM) – LME copper will move at USD 5,580-5,630/mt during Asian trading hours on Wednesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 50-0/mt on Wednesday.

SHFE copper

LME copper

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LME copper will move at USD 5,565-5,625/mt during Asian trading hours on Tuesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.

May 16, 2017 09:27

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-16)

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SHFE 1706 copper opened lower at RMB 45,700/mt and closed at RMB 46,480/mt, down RMB 150/mt.

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SMM Comments

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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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SMM Comments

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SHFE 1703 copper started at RMB 46,820/mt and finally ended at RMB 46,980/mt, up RMB 30/mt.

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SMM Comments

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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.

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SMM Comments

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LME copper is expected to move at USD 5,880-5,960/mt during Asian trading hours on Monday and SHFE 1701 copper will range between RMB 48,000-48,850/mt.

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SMM Comments

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LME copper is expected to range between USD 5,400-5,480/mt during Asian trading hours on Monday and SHFE 1701 copper will move at RMB 43,600-44,500/mt.

Nov 21, 2016 09:35

SMM Comments

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LME copper is predicted to range between USD 5,550-5,660/mt on Friday and SHFE 1701 copper will move at RMB 44,400-45,200/mt.

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