LME Copper to Face Great downward Pressure (2017-9-22)-Shanghai Metals Market

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LME Copper to Face Great downward Pressure (2017-9-22)

Price Review & Forecast 09:34:57AM Sep 22, 2017 Source:SMM

SHANGHAIM, Sept. 22 (SMM) – LME copper will fluctuate between USD 6,425-6,470/mt on Friday, and SHFE 1709 copper will drop further to RMB 49,800-50,300/mt.

In China’s domestic market, downstream buyers purchased goods actively. Without inflows of imported copper, and spot copper should trade at premiums of RMB 50-100/mt.

LME Copper to Face Great downward Pressure (2017-9-22)

Price Review & Forecast 09:34:57AM Sep 22, 2017 Source:SMM

SHANGHAIM, Sept. 22 (SMM) – LME copper will fluctuate between USD 6,425-6,470/mt on Friday, and SHFE 1709 copper will drop further to RMB 49,800-50,300/mt.

In China’s domestic market, downstream buyers purchased goods actively. Without inflows of imported copper, and spot copper should trade at premiums of RMB 50-100/mt.