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Home / Metal News / LME Copper to See Range-Bound Trading (2016-8-30)

LME Copper to See Range-Bound Trading (2016-8-30)

Aug 30, 2016 09:53

Source:SMM

LME copper will range between USD 4,615-4,655/mt today and SHFE 1610 copper should fluctuate at RMB 36,200-36,600/mt.

SHANGHAI, Aug.30 (SMM) - Market players are waiting for a direction from China’s PMI data and US nonfarm payroll report. Crude oil stabilizes. LME copper will range between USD 4,615-4,655/mt today and SHFE 1610 copper should fluctuate at RMB 36,200-36,600/mt. Spot prices are expected to trade at premiums of RMB 0-50/mt.

LME copper prices

SHFE copper prices

Copper 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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