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

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

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

Oct 12,2017 09:20

CST

price review forecast

Source: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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Oct 27, 2017 09:39 timezone

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The table below shows copper inventories on the COMEX on October 12.

Oct 13, 2017 10:28 timezone

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Oct 13, 2017 09:22 timezone

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Oct 12, 2017 09:12 timezone

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SMM Price Outlook for Base Metals on SHFE (Oct. 12, 2017)

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Oct 11, 2017 09:36 timezone

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LME Aluminum to Struggle (2017-10-11)

LME aluminum will continue struggling at the 5-day moving average and move within USD 2,155-2,175/mt today.

Oct 11, 2017 09:20 timezone

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price review & forecast

Copper Prices to Rise Further (2017-10-11)

LME copper performed well due to an acceleration in global economic recovery, and SHFE copper also held firm because of high premiums in domestic spot market.

Oct 11, 2017 09:20 timezone

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Copper Prices to Rise Further (2017-10-11)

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