LME Copper to Face Downward Pressure (2016-6-27)-Shanghai Metals Market

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LME Copper to Face Downward Pressure (2016-6-27)

Price Review & Forecast 09:36:27AM Jun 27, 2016 Source:SMM

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)

LME Copper to Face Downward Pressure (2016-6-27)

Price Review & Forecast 09:36:27AM Jun 27, 2016 Source:SMM

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)