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Home / Metal News / LME Copper to Stay Range-Bound (2016-7-19)

LME Copper to Stay Range-Bound (2016-7-19)

iconJul 19, 2016 09:14
Source:SMM
LME copper will narrowly range USD 4,890-4,940/mt during Asian trading hours Tuesday.

SHANGHAI, Jul. 19 (SMM) – LME copper will narrowly range USD 4,890-4,940/mt during Asian trading hours Tuesday.

Bearishness prevails in commodity market and the risk aversion sentiment will curb upside room for base metal prices.

SHFE 1609 copper will fluctuate between RMB 38,000-38,500/mt on Jul. 19. Spot copper in China will be offered at discounts of RMB 0-50/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-19)


LME copper prices
SHFE copper prices

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