SMM Morning Review - 2010/4/15 Copper Market -Shanghai Metals Market

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SMM Morning Review - 2010/4/15 Copper Market

SMM Insight 10:15:27AM Apr 15, 2010 Source:SMM

SHANGHAI, April 15 (SMM) -- The US dollar remained weak, as the Federal Reserve reiterated its low interest rate policy, helping the US dollar index move between 80.03-80.18. In this context, LME copper prices stayed high, but still failed to climb above USD 8,000/mt. The LME copper market overnight reached as high as USD 7,982/mt, and closed at USD 7,955/mt, up USD 15/mt.

Today, China will release GDP and other important economic data. If GDP is as strong as expected, copper prices will likely advance above USD 8,000/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 - 2010/4/15 Copper Market

SMM Insight 10:15:27AM Apr 15, 2010 Source:SMM

SHANGHAI, April 15 (SMM) -- The US dollar remained weak, as the Federal Reserve reiterated its low interest rate policy, helping the US dollar index move between 80.03-80.18. In this context, LME copper prices stayed high, but still failed to climb above USD 8,000/mt. The LME copper market overnight reached as high as USD 7,982/mt, and closed at USD 7,955/mt, up USD 15/mt.

Today, China will release GDP and other important economic data. If GDP is as strong as expected, copper prices will likely advance above USD 8,000/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