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Home / Metal News / LME Copper to Remain Strong (2016-6-30)

LME Copper to Remain Strong (2016-6-30)

Jun 30, 2016 09:25

Source:SMM

LME copper will remain at highs of USD 4,800-4,850mt during Asian trading hours Thursday.

SHANGHAI, Jun. 30 (SMM) – LME copper will remain at highs of USD 4,800-4,850mt during Asian trading hours Thursday.

EIA crude oil stocks posted big falls and hence crude oil prices jumped. US dollar stays weak.

SHFE 1608 copper will fluctuate between RMB 37,000-37,500/mt on Jun. 30. Spot copper in China will be offered at premiums of RMB 10-40/mt against SHFE 1607 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-30)

LME copper prices

SHFE copper prices

.Cu prices

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