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Home / Metal News / LME Copper to Stay Strong (2015-12-7)

LME Copper to Stay Strong (2015-12-7)

Dec 7, 2015 09:46

LME copper should move at highs between USD 4,570-4,650/mt during Asian trading hours Monday.

SHANGHAI, Dec. 7 (SMM) – LME copper should move at highs between USD 4,570-4,650/mt during Asian trading hours Monday with shortage of major reports.

See forecast for other base metals, please click: Volatility at Lows to Grow in Base Metal Prices This Week, SMM Says

SHFE 1601 copper prices improved over SHFE 1512 copper and thus cargo holders hold offers firm. On the other hand, downstream demand remains weak in China and spot copper will trade at premiums of RMB 0-60/mt over SHFE 1512 copper.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)

LME copper price

SHFE copper prices

copper prices

Cu price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME Copper to Stay Strong (2015-12-7)

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