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Home / Metal News / LME Copper to Move at Highs (2017-7-18)

LME Copper to Move at Highs (2017-7-18)

Jul 18, 2017 09:38

Source:SMM

LME copper will move at highs of USD 5,980-6,030/mt on positive technical side and rising risk appetite.

SHANGHAI, Jul. 18 (SMM) –LME copper will move at highs of USD 5,980-6,030/mt on positive technical side and rising risk appetite. SHFE 1709 copper failed to break through RMB 48,000/mt overnight and may fall back to RMB 47,700-48,100/mt.

In domestic spot market, spot discounts will widen to RMB 70-140/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-18)

LME copper prices

SHFE copper prices

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base metal price forecast

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