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

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

Price Review & Forecast 09:14:49AM Jul 19, 2016 Source:SMM

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

Price Review & Forecast 09:14:49AM Jul 19, 2016 Source:SMM

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)