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SMM Morning Comments - Price Review & Forecast

From news.metal.com

Copper: Prices of copper held at highs despite moderation, supported by higher crude oil prices on supply worries and a softened US dollar. Three-month LME copper ended some 0.24% lower at $5,814/mt, with the most-traded SHFE contract easing 0.27% to close at 47,290 yuan/mt. Prices could see a chance of rally as consumption recovers after the seasonal lull and China took more measures to boost the economy and improve liquidity. Today, LME copper is expected to trade between $5,800-5,850/mt, with SHFE November contract between 47,200-47,600 yuan/mt. Spot premiums are likely to firm at 110-140 yuan/mt. Aluminium: ... (full story)

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  • Category: Fundamental Analysis