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Home / Metal News / LME Copper to Move in a Tight Range (2016-8-4)

LME Copper to Move in a Tight Range (2016-8-4)

Aug 4, 2016 09:22

Source:SMM

LME copper will narrowly range USD 4,850-4,900/mt during Asian trading hours Thursday.

SHANGHAI, Aug. 4 (SMM) – LME copper will narrowly range USD 4,850-4,900/mt during Asian trading hours Thursday.

The ADP report was upbeat and US dollar bounced back overnight. Crude oil also posted rallies.

SHFE 1609 copper will fluctuate between RMB 37,500-38,000/mt on Aug. 4. Spot copper in China will be offered at premiums of RMB 50-140/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)

LME copper prices

SHFE copper prices

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