LME Copper to Remain Range-Bound Next Week, SMM Says

Mar 25, 2016 18:35

LME copper prices should consolidate between $4,880-5,000 per tonne next week, SMM says.

SHANGHAI, Mar. 25 (SMM) - LME copper prices should consolidate between $4,880-5,000 per tonne next week, SMM says. SHFE 1605 copper is expected to fluctuate between 37,200-38,000 yuan per tonne.

The US dollar index should meet resistance from 96.6, despite recently better-than-expected economic indicators from the US.

Goldman Sachs and Citibank are bearish toward crude oil. NYMEX crude oil is expected to move between $38.8-40.2 per barrel next week.

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SHFE copper prices

LME copper prices

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LME Copper to Remain Range-Bound Next Week, SMM Says

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