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

Hot Keywords

  • Zinc
  • Copper
  • Copper scrap
  • Inventory data
  • Rare earth
  • Lithium
  • Evening comments
  • Market commentary
  • Aluminium
  • Customs data
  • Silicon
  • MMi Iron Ore Port Index
  • Futures movement
  • Cobalt
  • silver prices

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

Price Review & Forecast 09:38:32AM Jul 18, 2017 Source:SMM

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 to Move at Highs (2017-7-18) 

Price Review & Forecast 09:38:32AM Jul 18, 2017 Source:SMM

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)