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Home / Metal News / LME Copper to Consolidate at Lows Next Week

LME Copper to Consolidate at Lows Next Week

iconMay 6, 2016 18:12
LME copper prices should fluctuate between $4,730-4,880 per tonne next week, SMM predicts.

SHANGHAI, May 6 (SMM) - LME copper prices should fluctuate between $4,730-4,880 per tonne next week, SMM predicts.

Any further upward room for the US dollar index will be limited. LME copper inventories are expected to fall, lending support to LME copper.

July copper on the SHFE will move between 36,200-37,500 yuan per tonne next week, SMM adds. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 


SHFE copper price
LME copper 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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