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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

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

copper prices

Cu price

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

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