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LME Copper to Consolidate at Lows Next Week

Published: May 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 priceLME copper price

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

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