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Home / Metal News / LME Copper to Fluctuate in Tight Range (2016-8-16)

LME Copper to Fluctuate in Tight Range (2016-8-16)

Aug 16, 2016 09:44

Source:SMM

The US dollar index consolidated at lows, while crude oil prices continued to rebound.

SHANGHAI, Aug. 16 (SMM) – The US dollar index consolidated at lows, while crude oil prices continued to rebound. LME copper should fluctuate between USD 4,750-4,800/mt, and SHFE 1610 copper will move between RMB 36,950-37,450/mt, with spot premiums of RMB 20-150/mt.

SHFE copper prices

LME copper prices

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