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Home / Metal News / LME Copper to Hover at Lows (2016-8-15)

LME Copper to Hover at Lows (2016-8-15)

Aug 15, 2016 09:09

Source:SMM

LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

SHANGHAI, Aug. 15 (SMM) – LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

Poor reading of China’s economic figures will drag down copper prices while US dollar finds support currently.

SHFE 1610 copper will fluctuate between RMB 36,950-37,400/mt on Aug. 15. Spot copper in China will be offered at premiums of RMB 0-110/mt against SHFE 1608 copper.

LME copper prices

SHFE copper prices

.Cu prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME copper will narrowly range USD 4,900-4,950/mt during Asian trading hours Monday.

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LME copper will fall to USD 4,790-4,830/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil.

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LME Copper to Hover at Lows (2016-8-15)

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