LME Copper to Remain in Upward Track (2017-7-28)

Published: Jul 28, 2017 09:14

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LME copper will advance to USD 6,300-6,360/mt on Friday and SHFE 1709 copper will fluctuate between RMB 49,950-50,450/mt.

SHANGHAIM, Jul. 28 (SMM) – There is a low chance for copper price to slump in a short term in combination of weak US dollar index and strict environmental protection policies and positive economy in China. LME copper will advance to USD 6,300-6,360/mt on Friday and SHFE 1709 copper will fluctuate between RMB 49,950-50,450/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 110-60/mt.

SHFE copper LME copper copper prices

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