LME Copper to Consolidate at Lows Next Week
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.
LME Copper to Consolidate at Lows Next Week
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.
