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Home / Metal News / LME Copper to Remain in Upward Track (2017-6-12)

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

Jun 12, 2017 09:24

Source:SMM

LME copper will stabilize above USD 5,800/mt, with price range at USD 5,800-5,850/mt and SHFE 1708 copper will fluctuate between RMB 46,200-46,700/mt.

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.

SHFE copper

LME copper

copper prices

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