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

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

Price Review & Forecast 09:53:07AM Aug 30, 2016 Source:SMM

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

Price Review & Forecast 09:53:07AM Aug 30, 2016 Source:SMM

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.