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Home / Metal News / LME Copper to Move Lower (2016-7-6)

LME Copper to Move Lower (2016-7-6)

Jul 6, 2016 09:28

Source:SMM

LME copper will fall to USD 4,790-4,830/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil.

SHANGHAI, Jul. 6 (SMM) – LME copper will fall to USD 4,790-4,830/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil.

SHFE 1608 copper will fluctuate between RMB 37,100-37,500/mt on Jul. 6. Spot copper in China will be offered RMB 0-50/mt above SHFE 1607 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-6)

SHFE copper prices

LME copper prices

.Cu prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

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LME copper will narrowly range USD 4,900-4,950/mt during Asian trading hours Monday.

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LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

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LME copper will grow to USD 4,865-4,925/mt during Asian trading hours Monday thanks to softer dollar and US improved manufacturing industry.

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LME Copper to Consolidate at Highs (2016-7-1)

LME copper will consolidate at highs of USD 4,810-4,860mt during Asian trading hours Friday with growing sell-off pressure.

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LME Copper to Move Lower (2016-7-6)

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