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Home / Metal News / LME Copper to Hold Strong (2016-6-21)

LME Copper to Hold Strong (2016-6-21)

Jun 21, 2016 09:22

LME copper will remain firm and range USD 4,610-4,660/mt during Asian trading hours Tuesday.

SHANGHAI, Jun. 21 (SMM) – LME copper will remain firm and range USD 4,610-4,660/mt during Asian trading hours Tuesday.

US dollar stays weak while crude oil prices will continue bouncing back.

SHFE 1608 copper will fluctuate between RMB 35,550-36,000/mt on Jun. 21 . Spot copper in China will be offered at premiums of RMB 70-110/mt against SHFE 1607 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-21)

LME copper prices

SHFE copper prices

Cu 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.

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