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

Hot Keywords

  • Lithium hydroxide
  • Copper
  • Production data
  • 2019 South China Metals Summit
  • Inventory data
  • Zinc
  • Market commentary
  • Macroeconomics
  • LME WEEK 2019
  • Sales data
  • NPI
  • Futures movement
  • Aluminium
  • trend forecast
  • iron ore

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

Price Review & Forecast 09:23:45AM Jul 25, 2016 Source:SMM

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

Price Review & Forecast 09:23:45AM Jul 25, 2016 Source:SMM

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)