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

Published: Jul 31, 2017 09:33

Save

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.

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.

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

14 hours ago

Data: SHFE, DCE market movement (Mar 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 Mar , 2026

14 hours ago

Rio Tinto Gains Control of Arizona Acreage for Resolution Copper Mine Despite Native American Opposition

Rio Tinto (ASX: RIO) said on Monday it has gained control of acreage in Arizona needed to build the Resolution Copper mine, a project slated to become one of the largest US sources of the critical mineral but one that Native Americans have opposed for more than 20 years.

14 hours ago

Codelco Reports Significant Drop in Copper Production, Raising Doubts Over 2025 Output Claims

Chile’s state-owned copper giant Codelco has reported a sharp drop in production to start this year, leading copper industry analysts and former Codelco executives to question its reports of surging output at the end of 2025 that helped the company meet its annual production target.

14 hours ago