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.