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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Aug. 8 (SMM) – LME copper will suffer pressure from firmer dollar and range USD 4,775-4,815/mt during Asian trading hours Monday.
The upbeat US nonfarm payrolls support US dollar, which will depress base metals.
SHFE 1610 copper will fluctuate between RMB 37,200-37,700/mt on Aug. 8. Spot copper in China will be offered at premiums of RMB 30-150/mt against SHFE 1608 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-8-8)
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