Copper Market Report September 2017
2017-10-19 17:44:23 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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In September, the US dollar index was on a flat downtrend and declined to as low as 91. LME copper inventory rose sharply while SHFE copper inventory witnessed dramatic decreases, affected by which copper prices went down dramatically after touching high levels both in home and international market. With China’s downstream demand recovering, copper prices were supported to stabilize at RMB50,000/t (USD7,557/t) before rising steadily. In late September, LME copper prices closed at USD6,550/t, while Chinese copper prices closed at RMB51,500/t (USD7,784/t).
