Copper Prices to Look for Support (2017-9-18)

Published: Sep 18, 2017 09:23

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Copper prices will look for support and probably hover around current levels due to fierce competition between longs and shorts.

SHANGHAI, Sept. 18 (SMM) – Copper prices will look for support and probably hover around current levels due to fierce competition between longs and shorts. Market should closely watch changes in LME copper stocks. LME copper will range USD 6,470-6,520/mt today, while SHFE 1711 copper will move at RMB 49,900-50,450/mt.

In domestic spot market, spot premiums are expected at RMB 30-60/mt.

SHFE copper prices copper prices base metal price forecast

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