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Home / Metal News / Copper Prices to Consolidate (2017-10-18)

Copper Prices to Consolidate (2017-10-18)

Oct 18, 2017 09:24

Source:SMM

Copper prices need to take a break after big gains.

SHANGHAI, Oct. 18 (SMM) – Copper prices need to take a break after big gains. LME copper will hover around USD 7,000/mt, while SHFE 1712 copper will move around RMB 54,500/mt. In the medium and long term, copper price outlook will be positive. LME copper will range USD 7,010-7,060/mt today, while SHFE 1712 copper will move at RMB 54,500-54,900/mt. Spot premiums will fall further to RMB 100-160/mt due to inflows of imported copper.

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