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LME Copper to Remain in Upward Track (2017-8-10)

iconAug 10, 2017 09:21
Source:SMM
LME copper will trade at USD 6,430-6,485/mt and SHFE 1710 copper will fluctuate between RMB 50,650-51,100/mt.

SHANGHAI, Aug. 10 (SMM) – Copper prices will not drop sharply in a short term, and will increase again after brief correction. LME copper will trade at USD 6,430-6,485/mt on Thursday, and SHFE 1710 copper will fluctuate between RMB 50,650-51,100/mt.

In China’s domestic market, traders make firm offers, and spot copper should trade at discounts of RMB 50/mt to premiums of RMB 10/mt.

SHFE copper
LME copper
copper prices

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