Home / Metal News / SMM Morning Review - 2010/8/23 Copper Market

SMM Morning Review - 2010/8/23 Copper Market

iconAug 23, 2010 10:14
Source:SMM

SHANGHAI, Aug. 23 (SMM) -- Last Friday, LME copper prices extended declines, and the US stocks edged lower negatively affected by disappointing employment and manufacturing data in the US released last Thursday, and the US dollar index strengthened to as high as 83.3 in response to lower risk appetite. LME copper prices dipped to as low as USD 7,190/mt last Friday, and then reversed some losses at the tail of trading, with prices finally ending at USD 7,265/mt, down USD 55/mt. LME copper prices have rebounded from lows during the Asian trading hours this morning, and SMM predicts LME copper prices will fluctuate around USD 7,300/mt today.  

 

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All