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Home / Metal News / LME Copper to Move in a Tight Range (2016-7-25)

LME Copper to Move in a Tight Range (2016-7-25)

Jul 25, 2016 09:23

Source:SMM

LME copper will narrowly range USD 4,900-4,950/mt during Asian trading hours Monday.

SHANGHAI, Jul. 25 (SMM) – LME copper will narrowly range USD 4,900-4,950/mt during Asian trading hours Monday.

US dollar returns to gains while crude oil continues weakening.

SHFE 1609 copper will fluctuate between RMB 37,700-38,200/mt on Jul. 25. Spot copper in China will be offered at discounts of RMB 50/mt and premiums of RMB 10/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-25)

LME copper prices

SHFE copper prices

.Cu 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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LME Copper to Move in a Tight Range (2016-7-25)

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