LME Copper to Ease from Weaker Dollar (2016-6-20)-Shanghai Metals Market

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LME Copper to Ease from Weaker Dollar (2016-6-20)

Price Review & Forecast 09:48:44AM Jun 20, 2016 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME copper will range USD 4,540-4,585/mt during Asian trading hours Monday.

Expectation for a Brexit weakens in market and this will support pound. US dollar will be thus weighened on. Crude oil prices enter upward track.

SHFE 1608 copper will fluctuate between RMB 35,300-35,600/mt on Jun. 20 . Spot copper in China will be offered at premiums of RMB 80-120/mt against SHFE 1607 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-20)

LME Copper to Ease from Weaker Dollar (2016-6-20)

Price Review & Forecast 09:48:44AM Jun 20, 2016 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME copper will range USD 4,540-4,585/mt during Asian trading hours Monday.

Expectation for a Brexit weakens in market and this will support pound. US dollar will be thus weighened on. Crude oil prices enter upward track.

SHFE 1608 copper will fluctuate between RMB 35,300-35,600/mt on Jun. 20 . Spot copper in China will be offered at premiums of RMB 80-120/mt against SHFE 1607 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-20)