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Home / Metal News / LME Copper to See Upward Correction (2016-6-22)

LME Copper to See Upward Correction (2016-6-22)

Jun 22, 2016 09:26

Source:SMM

LME copper will face upward correction and range USD 4,650-4,700/mt during Asian trading hours Wednesday.

SHANGHAI, Jun. 22 (SMM) – LME copper will face upward correction and range USD 4,650-4,700/mt during Asian trading hours Wednesday.

Crude oil prices bounce back from lows, This, coupled with Brexit relief, will boost base metals prices.

SHFE 1608 copper will fluctuate between RMB 35,600-36,000/mt on Jun. 22. 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 (2016-6-22)

LME copper prices

SHFE copper prices

cu prices

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