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Home / Metal News / LME Copper to Remain in Upward Track (2017-7-28)

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

Jul 28, 2017 09:14

Source:SMM

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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LME copper will move at USD 5,580-5,630/mt during Asian trading hours on Wednesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.s

May 17, 2017 09:12

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-17)

SHFE Copper Closes with Losses (2017-5-16)

SHFE 1707 copper opened at RMB 45,380/mt and closed at RMB 45,170/mt.

May 16, 2017 17:50

SMM Comments

SHFE Copper Closes with Losses (2017-5-16)

LME Copper to See Range-Bound Trading (2017-5-16)

LME copper will move at USD 5,565-5,625/mt during Asian trading hours on Tuesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.

May 16, 2017 09:27

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-16)

LME Copper to Strengthen (2017-5-15)

LME copper will move at USD 5,540-5,585/mt during Asian trading hours on Monday and SHFE 1707 copper will move at RMB 45,000-45,400mt.

May 15, 2017 09:09

SMM Comments

LME Copper to See Rang-Bound Trading (2017-4-28)

LME copper will move at USD 5,690-5,730/mt during Asian trading hours on Friday and SHFE 1706 copper will move at RMB 46,100-46,400/mt.

Apr 28, 2017 09:25

SMM Comments

LME Copper to See Rang-Bound Trading (2017-4-28)

SHFE Copper Finishes Lower (2017-4-13)

SHFE 1706 copper opened lower at RMB 45,700/mt and closed at RMB 46,480/mt, down RMB 150/mt.

Apr 13, 2017 17:18

SMM Comments

SHFE Copper Finishes with Gains (2017-3-20)

SHFE 1705 copper opened at RMB 48,080/mt and closed at RMB 47,980/mt, up RMB/mt.

Mar 20, 2017 17:36

SMM Comments

SHFE Copper Finishes with Gains (2017-3-20)

LME Copper to See Range-Bound Trading (2017-3-17)

LME copper will trade at USD 5,880-5,950/mt on Friday and SHFE 1705 copper will move at RMB 47,800-48,300/mt.

Mar 17, 2017 09:27

SMM Comments

SHFE Copper Finishes Higher (2017-3-16)

SHFE 1705 copper opened at RMB 47,990/mt and closed at RMB 48,160/mt, up RMB 720/mt.

Mar 16, 2017 16:46

SMM Comments

23% Chinese Copper Wire&Cable Producers Bullish toward Copper Prices

An SMM survey of 22 Chinese copper wire&cable producers reveals 23% are bullish toward copper prices, thanks to improved market sentiment.

Jan 4, 2016 14:45

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

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