LME Copper to Hold Strong (2016-6-21)-Shanghai Metals Market

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

Price Review & Forecast 09:22:15AM Jun 21, 2016 Source:SMM

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 to Hold Strong (2016-6-21)

Price Review & Forecast 09:22:15AM Jun 21, 2016 Source:SMM

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)