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

Published: Jul 19, 2016 09:14

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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

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.

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