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Copper Prices to Remain Firm (2017-10-12)
Oct 12, 2017 09:20Source:SMM
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.
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