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Spot Premiums to Narrow in Shanghai Copper Market (2017-9-20)

iconSep 20, 2017 09:18
Source:SMM
Copper delivery to LME warehouses will end soon. So, copper prices might rally. 

SHANGHAI, Sept. 20 (SMM) – Copper delivery to LME warehouses will end soon. So, copper prices might rally. 

LME copper will range USD 6,520-6,575/mt today, while SHFE 1711 copper will move at RMB 50,550-50,950/mt.    

In domestic spot market, imported copper will flow in. This will narrow spot premiums to RMB 30-60/mt.

 

SHFE copper prices
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base metal price forecast

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