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Spot Premiums to Narrow in Shanghai Copper Market (2017-9-20)
Sep 20,2017 09:18
CSTprice review forecast
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
copper prices
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