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

Price Review & Forecast 09:20AM Oct 12, 2017 Source:SMM

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.    



 

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

Price Review & Forecast 09:20AM Oct 12, 2017 Source:SMM

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.