LME Copper to Stay Range-Bound (2016-8-22)

Published: Aug 22, 2016 09:12

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LME copper will narrowly range USD 4,785-4,835/mt during Asian trading hours Monday.

SHANGHAI, Aug. 22 (SMM) – LME copper will narrowly range USD 4,785-4,835/mt during Asian trading hours Monday.

The hawkish tone of US Fed meeting minutes raises bets for a rate hike, which will boost US dollar.

SHFE 1610 copper will fluctuate between RMB 37,100-37,600/mt on Aug. 22. Spot copper in China will be offered between discounts of RMB 30-80/mt against SHFE 1609 copper.

LME copper prices SHFE copper prices

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