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LME Copper to Remain in Upward Track

Author:Site  Source:Network  Click to rate:1853  Post time:2017-07-28

SHANGHAIM, Jul. 28 (SMM) – There is a low chance for copper price to slump in a short term in combination of weak US dollar index and strict environmental protection policies and positive economy in China. LME copper will advance to USD 6,300-6,360/mt on Friday and SHFE 1709 copper will fluctuate between RMB 49,950-50,450/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 110-60/mt.

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