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Home / Metal News / Copper Prices to Remain Firm (2017-10-12)

Copper Prices to Remain Firm (2017-10-12)

Oct 12, 2017 09:20

Large capital flows and high spot premiums in domestic market pushed copper prices up.

SHANGHAI, Oct. 12 (SMM) – Large capital flows and high spot premiums in domestic market pushed copper prices up. The rise in LME copper was due mainly to expectations for an acceleration of economic recovery in developed countries. LME copper will range USD 6,780-6,830/mt today, while SHFE 1712 copper will move at RMB 52,800-53,300/mt. Spot premiums will expand to RMB 270-330/mt in domestic market.

SHFE copper prices

copper prices

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Copper Prices to Remain Firm (2017-10-12)

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