Home / Metal News / Copper / Spot Premiums to Narrow in Shanghai Copper Market (2017-9-20)
Spot Premiums to Narrow in Shanghai Copper Market (2017-9-20)
Sep 20,2017 09:18CST
price 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
base metal price forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news