LME Copper to See Range-Bound Trading (2017-6-26)-Shanghai Metals Market

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LME Copper to See Range-Bound Trading (2017-6-26)

Price Review & Forecast 09:11:47AM Jun 26, 2017 Source:SMM

SHANGHAIM, Jun. 26 (SMM) – Global manufacturing sector is likely to recover, shoring up commodity prices. LME copper will trade at USD 5,760-5,810/mt and SHFE 1708 copper will fluctuate between RMB 46,000-46,600/mt on Monday.

In China’s domestic market, discounts of spot copper should widen to RMB 160-120/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices 

LME Copper to See Range-Bound Trading (2017-6-26)

Price Review & Forecast 09:11:47AM Jun 26, 2017 Source:SMM

SHANGHAIM, Jun. 26 (SMM) – Global manufacturing sector is likely to recover, shoring up commodity prices. LME copper will trade at USD 5,760-5,810/mt and SHFE 1708 copper will fluctuate between RMB 46,000-46,600/mt on Monday.

In China’s domestic market, discounts of spot copper should widen to RMB 160-120/mt on Monday.

Key Words:  SHFE copper  LME copper  copper prices