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

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

Price Review & Forecast 09:31:45AM Jul 28, 2016 Source:SMM

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 to Move at Lows (2016-7-28)

Price Review & Forecast 09:31:45AM Jul 28, 2016 Source:SMM

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)