Metals News
SMM Morning Review - 2010/3/23 Copper Market
smm insight
10:41AM
Mar 23,2010
Source:SMM

SHANGHAI, Mar. 23 (SMM) -- The US stocks surged after the pass of healthcare reform bill, weighing down the US dollar. The US dollar index fell from 81.08 to 80.56. In this context, LME copper prices rebounded to USD 7,460/mt. Prior to this, LME copper prices dropped as low as USD 7,305/mt due to rising US dollar, suggesting the US dollar remains a major influential factor on copper prices.

The European Union Leader Summit will be held this weekend, and market focus is shifting to whether or not an agreement will be reached on the aid plan for Greece’s debt issues. SMM believes copper prices will continue to fluctuate before this event. 

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
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