SHANGHAI, June 1 (SMM) -- As the US and UK markets were closed on Monday, SHFE copper prices closed lower along with falling stocks market in China. During the early Asian trading hours, LME copper prices remain weak, fluctuating around USD 6,800/mt.
SMM believes LME copper prices will meet resistance at USD 7,000/mt, and coupled with negative news from macro aspects, market sentiment will be faltered. In this context, SMM believes copper prices will remain soft in the short term.
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