LME Copper to Stay Firm (2017-7-31)

SHANGHAIM, Jul. 31 (SMM) – LME copper will stay firm at USD 6,300-6,360/mt on Monday and SHFE 1709 copper will fluctuate between RMB 49,950-50,300/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 70-30/mt. Attention should be on China’s PMI in July, US’s nonfarm payrolls in July and eurozone’s GDP in Q2 this week.