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Home / Metal News / LME Copper to Find Support (2017-9-12)

LME Copper to Find Support (2017-9-12)

Sep 12, 2017 09:32

Some longs entered at lows yesterday.

SHANGHAI, Sep. 12 (SMM) – Some longs entered at lows yesterday. This, plus strong aluminum, offered solid support to LME copper at the 20-day moving average. With a weak dollar, LME copper should hold up at current level if other base metals perform well. LME copper will range USD 6,730-6,780/mt today, while SHFE 1711 copper will move at RMB 51,650-52,100/mt.

In domestic spot market, spot premiums will be RMB 10-60/mt.

SHFE copper prices

copper prices

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Industry

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SMM Comments

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Jul 6, 2016 09:20

SMM Comments

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Jul 4, 2016 09:27

SMM Comments

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Jul 4, 2016 09:13

SMM Comments

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LME Copper to Find Support (2017-9-12)

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NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

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