Home / Metal News / Zinc / SMM Morning Review - 2010/2/26 Copper Market
SMM Morning Review - 2010/2/26 Copper Market
Feb 26,2010 10:17CST
smm insight
Source:SMM

SHANGHAI, Feb. 26 (SMM) -- Euro debt woes continued to weigh down market sentiment, and the US dollar shouldered off the negative impact from Ben Bernanke's remark of low interest rate, helping the US dollar index up to 81.1. In this context, LME copper prices moved lower, with prices falling as low as USD 6,983/mt. However, LME copper prices returned above USD 7,000/mt at the end of trading, with prices finally closing at USD 7,070/mt, down USD 90.

LME copper prices will face a great challenge in view of no significant improvement in consumption in China and higher US dollar, and will continue to experience fluctuations in the near future.

To contact the writer on this report: iriszhu@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

copper Cu
copper price
LME market

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news