LME Copper to Remain in Upward Track (2017-6-12)-Shanghai Metals Market

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LME Copper to Remain in Upward Track (2017-6-12)

Price Review & Forecast 09:24:03AM Jun 12, 2017 Source:SMM

SHANGHAI, Jun. 12 (SMM) – Market participants will see light economic data calendar on Monday. LME copper, remaining in upward track, will stabilize above USD 5,800/mt, with price range at USD 5,800-5,850/mt. SHFE 1708 copper, increasing for three days in a row, will fluctuate between RMB 46,200-46,700/mt on Monday.

In China’s domestic market, spot copper should trade at premiums of RMB 50/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices 

LME Copper to Remain in Upward Track (2017-6-12)

Price Review & Forecast 09:24:03AM Jun 12, 2017 Source:SMM

SHANGHAI, Jun. 12 (SMM) – Market participants will see light economic data calendar on Monday. LME copper, remaining in upward track, will stabilize above USD 5,800/mt, with price range at USD 5,800-5,850/mt. SHFE 1708 copper, increasing for three days in a row, will fluctuate between RMB 46,200-46,700/mt on Monday.

In China’s domestic market, spot copper should trade at premiums of RMB 50/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices