Tumbling Oil Price to Weigh Down Copper Market (2016-4-18)

Published: Apr 18, 2016 09:28

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Oil price is tumbling with no agreement in Doha’s meeting, and this will weigh down copper market, SMM predicts.

SHANGHAI, Apr. 18 (SMM) – Oil price is tumbling with no agreement in Doha’s meeting, and this will weigh down copper market, SMM predicts.

On Monday, LME copper is expected to trade between USD 4,740-4,790/mt, and SHFE most actively-traded copper will trade in the RMB 36,550-37,000/mt range, with spot discounts between RMB 130-70/mt, SMM estimates.

copper price LME copper price SHFE copper price

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