LME Copper to Hover at Highs (2017-7-27)

Published: Jul 27, 2017 09:00

Save

LME copper will trade at USD 6,295-6,350/mt on Thursday and SHFE 1709 copper will fluctuate between RMB 50,000-50,500/mt.

SHANGHAIM, Jul. 27 (SMM) – LME copper will trade at USD 6,295-6,350/mt on Thursday and SHFE 1709 copper will fluctuate between RMB 50,000-50,500/mt. Attention should be on a possible decline after longs take profits.

In China’s domestic market, spot copper should trade at discounts of RMB 100-50/mt.

SHFE copper LME copper copper prices

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Copper Futures Warrants Flow Out, Spot Premiums Rebound Amid Destocking

[SMM Copper Bulletin] According to the SHFE daily copper warrant report, copper futures warrants continued to flow out by 8,368 mt during the day, with the most significant outflows in Shanghai at 3,640 mt, followed by Guangdong at 2,926 mt and Jiangsu at 1,902 mt. As social inventories continued destocking, spot premiums in various regions basically stopped falling and rebounded.

3 hours ago

5 hours ago

Data: SHFE, DCE market movement (Apr 01)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Apr , 2026

5 hours ago

The Most-Traded BC Copper Contract Closed Up 1.68%, Easing Conflict Boosted Copper Prices [SMM BC Copper Commentary]

5 hours ago