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LME Copper to Fall Further (2017-10-20)
Oct 20, 2017 09:44Source: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.
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