LME Copper to Trade at $4,500-4,680 per tonne This Week, SMM Predicts

Published: Nov 24, 2015 11:39

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LME copper is expected to continue falling this week, with prices expected between $4,500-4,680 per tonne, Shanghai Metals Market foresees.

SHANGHAI, Nov. 24 (SMM) – LME copper is expected to continue falling this week, with prices expected between $4,500-4,680 per tonne, Shanghai Metals Market foresees.

See SMM Survey, please click: Bearishness Prevails in Copper Market This Week, SMM Survey

“A strong dollar will remain a negative factor on copper prices, and a brief rally is also possible due to short-covering,” SMM copper analyst says.

On the SHFE market, bearish sentiment is now prevailing in the market, with prices expected at lows between 33,700-35,300 yuan per tonne.

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