Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

Published: Sep 13, 2017 11:25

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Morgan Stanley reckons fundamentals are not good enough to leave copper prices above $6,600 per tonne.

SHANGHAI, Sept. 13 (SMM) – Morgan Stanley reckons fundamentals are not good enough to leave copper prices above $6,600 per tonne.

SMM Releases Copper PMI in August and September Forecast

Foreign trade for copper remains sluggish this year. Despite improvement in economic activities in September, construction and public investment slowed.

Goldman Sachs Sees Copper Price Fall in 6-12 Months

LME copper rose 0.9% to $6,755.50 per tonne recently, but dropped 3% to the lowest from May last Friday.

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