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LME Copper to Consolidate at Lows Next Week
May 6, 2016 18:12Source:SMM
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.
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