Home / Metal News / Copper / Will Rises in Copper Market Come to Halt? SMM Surveys
Will Rises in Copper Market Come to Halt? SMM Surveys
Jul 28,2017 19:33CST
smm insightindustry news
Source:SMM
As of closing time at Asian daily trading hours on July 28, SHFE 1709 copper advanced by 3.61 per cent or 1,740 yuan per tonne, with prices mainly trading between 47,720-50,730 yuan per tonne.

SHANGHAI, Jul. 28 (SMM) – As of closing time at Asian daily trading hours on July 28, SHFE 1709 copper advanced by 3.61 per cent or 1,740 yuan per tonne, with prices mainly trading between 47,720-50,730 yuan per tonne.

Will the gain be continuing or come to a halt in the coming week?

Many Scrap Copper Rod Plants Close in Jiangxi and Anhui for Fake Invoice, SMM Reports

According to SMM survey of market participants, approximately 50 per cent of market participants are bearish, and price may fall by more than 2 per cent. 

Around 31 per cent of participants take a neutral stance, expecting copper price to trade at +- 2% per cent over closing price of 49,940 yuan per tonne in daily trading on July 28, and the rest are bullish, seeing a 2 per cent in price gains. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

 

copper price
copper price forecast
LME copper

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news