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

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

Price Review & Forecast 09:32:58AM Jul 18, 2016 Source:SMM

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 to Move at lows (2016-7-18)

Price Review & Forecast 09:32:58AM Jul 18, 2016 Source:SMM

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)