LME Copper to Stay Weak (2016-7-8)

Published: Jul 8, 2016 09:20

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LME copper will remain soft and range USD 4,680-4,720/mt during Asian trading hours Friday.

SHANGHAI, Jul. 8 (SMM) – LME copper will remain soft and range USD 4,680-4,720/mt during Asian trading hours Friday.

EIA report shows narrowing declines in crude oil stocks and crude oil hence plunged by 5%.

SHFE 1609 copper will fluctuate between RMB 36,550-37,000/mt on Jul. 8. Spot copper in China will be offered RMB 50-100/mt above SHFE 1608 copper.

LME copper SHFE copper prices

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