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Home / Metal News / LME Copper to Look for Price Floor (2016-4-8)

LME Copper to Look for Price Floor (2016-4-8)

Apr 8, 2016 09:16

Source:SMM

LME copper may fall further to USD 4,640-4,690/mt during Asian trading hours Friday after slipping below the 60-day moving average.

SHANGHAI, Apr. 8 (SMM) – LME copper may fall further to USD 4,640-4,690/mt during Asian trading hours Friday after slipping below the 60-day moving average.

SHFE 1606 copper should decline to RMB 35,700-36,100/mt on Apr. 8 and spot copper should trade at premiums of RMB 0-50/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-8)

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