SMM Morning Review - 2010/3/29 Copper Market -Shanghai Metals Market

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SMM Morning Review - 2010/3/29 Copper Market

SMM Insight 11:02:41AM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 (SMM) -- The euro rebounded following a joint EU-IMF effort for Greece's debt issues, and the US dollar index fell back to 81.5 in response. In this context, LME copper prices rallied from USD 7,365/mt to USD 7,515/mt. A weaker US dollar helped LME copper prices return above USD 7,500/mt, a sign of evident positive impact on LME copper prices from a falling US dollar.

The US dollar is expected to drop further following easing concerns over debt crisis in Greece, and LME copper prices are expected to test USD 7,600/mt.  
 
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

SMM Morning Review - 2010/3/29 Copper Market

SMM Insight 11:02:41AM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 (SMM) -- The euro rebounded following a joint EU-IMF effort for Greece's debt issues, and the US dollar index fell back to 81.5 in response. In this context, LME copper prices rallied from USD 7,365/mt to USD 7,515/mt. A weaker US dollar helped LME copper prices return above USD 7,500/mt, a sign of evident positive impact on LME copper prices from a falling US dollar.

The US dollar is expected to drop further following easing concerns over debt crisis in Greece, and LME copper prices are expected to test USD 7,600/mt.  
 
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