LME Copper to Move in a Tight Range (2016-7-11)

Published: Jul 11, 2016 09:17
LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

SHANGHAI, Jul. 11 (SMM) – LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

US nonfarm payrolls for June were upbeat and this slightly eases panic sentiment in market.

SHFE 1609 copper will fluctuate between RMB 36,400-36,750/mt on Jul. 11. Spot copper in China will be offered RMB 30-80/mt above SHFE 1607 copper.


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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn