Metals News
SMM Morning Review - 2010/3/15 Copper Market
smm insight
11:57AM
Source:SMM

SHANGHAI, Mar. 15 (SMM) -- Industrial production for January in the euro zone was up 1.7% on a monthly basis, 0.7% higher than expected. As a result, the euro gained, and the US dollar index fell below 80. LME copper prices returned above USD 7,500/mt, but closing prices fell back to USD 7,460/mt. 

Market concerns over a possible restrictive monetary policy continue to affect market sentiment. Spot consumption in Chinese market remains low. SMM believes spot transactions will likely improve after the delivery data, and copper prices will move higher by then.

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
SHFE market
US dollar
US dollar index
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 Price

No Data