SMM

. LME copper is expected to trade between $8,450-8,700/mt in the week of March 11 and SHFE copper prices will fluctuate between 68,500-70,000 yuan/mt. Under the contango structure, it is expected that the sellers will be less willing to ship at low prices before the delivery of the SHFE front-month contract, and the spot discounts may be reduced. The spot discounts are expected to be 80-20 yuan/mt.