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Home / Metal News / LME Copper to Move at lows (2016-7-18)

LME Copper to Move at lows (2016-7-18)

iconJul 18, 2016 09:32
LME copper will consolidate at lows of USD 4,885-4,925/mt during Asian trading hours Monday after falling below the 5-day moving average.

SHANGHAI, Jul. 18 (SMM) – LME copper will consolidate at lows of USD 4,885-4,925/mt during Asian trading hours Monday after falling below the 5-day moving average.

The frequent political conflicts trigger risk aversion sentiment in market.

SHFE 1609 copper will fluctuate between RMB 37,900-38,250/mt on Jul. 18. Spot copper in China will be offered at discounts of RMB 30/mt and premiums of RMB 30/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-18)

LME copper prices
SHFE copper 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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