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LME Copper to Move at Lows (2016-7-28)

Published: Jul 28, 2016 09:31
LME copper will move at lows of USD 4,840-4,89/mt during Asian trading hours Thursday.

SHANGHAI, Jul. 28 (SMM) – LME copper will move at lows of USD 4,840-4,89/mt during Asian trading hours Thursday.

US housing data and manufacturing data are upbeat, which will boost market confidence.

SHFE 1609 copper will fluctuate between RMB 37,300-37,750/mt on Jul. 28. Spot copper in China will be offered at discounts of RMB 20/mt and premiums of RMB 40/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-28)

LME copper pricesSHFE 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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