LME Copper to Remain on Downward Track (2016-8-31)-Shanghai Metals Market

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LME Copper to Remain on Downward Track (2016-8-31)

Price Review & Forecast 09:41:31AM Aug 31, 2016 Source:SMM

SHANGHAI, Aug. 31 (SMM) – Rising US dollar weighs on base metals. Crude oil dived due to high inventories. LME copper is expected to move between USD 4,600-4,635/mt on Wednesday and SHFE 1610 copper to range at RMB 36,100-36,350/mt. Spot prices should trade at premiums of RMB 0-50/mt.


LME Copper to Remain on Downward Track (2016-8-31)

Price Review & Forecast 09:41:31AM Aug 31, 2016 Source:SMM

SHANGHAI, Aug. 31 (SMM) – Rising US dollar weighs on base metals. Crude oil dived due to high inventories. LME copper is expected to move between USD 4,600-4,635/mt on Wednesday and SHFE 1610 copper to range at RMB 36,100-36,350/mt. Spot prices should trade at premiums of RMB 0-50/mt.