Metals News
LME Copper to Face Downward Pressure (2016-8-2)
price review forecast
09:37AM
Aug 2,2016
Source:SMM

SHANGHAI, Aug. 2 (SMM) – LME copper will face downward pressure and range USD 4,850-4,890/mt during Asian trading hours Tuesday.

Crude oil fell back while US dollar grew slightly overnight. LME copper posted declines.

SHFE 1609 copper will fluctuate between RMB 37,500-38,000/mt on Aug. 2. Spot copper in China will be offered at premiums of RMB 0-90/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-2)

LME copper prices
SHFE copper prices
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data