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Home / Metal News / LME Copper to Fall Further (2017-10-20)

LME Copper to Fall Further (2017-10-20)

Oct 20, 2017 09:44

Source:SMM

LME copper will drop to USD 6,940-6,990/mt today on negative technical side, while SHFE 1712 copper will move at RMB 54,100-54,600/mt.

SHANGHAI, Oct. 20 (SMM) –LME copper will drop to USD 6,940-6,990/mt today on negative technical side, while SHFE 1712 copper will move at RMB 54,100-54,600/mt.

In domestic spot market, lower copper prices will attract downstream restocking. Weaker yuan will curtail inflows of imported copper. Spot premiums will be RMB 140-200/mt.

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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LME Copper to Fall Further (2017-10-20)

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