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Home / Metal News / Today Copper Price Forecast (2017-11-17)

Today Copper Price Forecast (2017-11-17)

Nov 17, 2017 10:00

Source:SMM

Today it is estimated to keep at $6,710~6,810 tonne. Contract 1801 moves at 52,600~53,100 yuan per tonne.

SHANGHAI, Nov.17 (SMM)－SHFE Copper is lowering its core with temporally stabilizing at 60-day moving average. In the short and mid term, it still has some retracement space. Today it is estimated to keep at $6,710~6,810 per tonne. Contract 1801 moves at 52,600~53,100 yuan per tonne. There is sufficient stock in spot market. Downstream is waiting and seeing to buy in with lower price. The estimated premium today is 100-40 yuan per tonne.

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