LME Copper to Face Downward Pressure (2016-6-27)
LME copper may fall back to USD 4,660-4,710mt during Asian trading hours Monday with growing risk aversion sentiment.
SHANGHAI, Jun. 27 (SMM) – LME copper may fall back to USD 4,660-4,710mt during Asian trading hours Monday with growing risk aversion sentiment, triggered by UK’s leave decision.
SHFE 1608 copper will fluctuate between RMB 35,950-36,350/mt on Jun. 27. 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 (2016-6-27)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
