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Home / Metal News / LME Copper to Move Lower (2016-9-14)

LME Copper to Move Lower (2016-9-14)

Sep 14, 2016 09:48

LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

SHANGHAI, Sept. 14 (SMM) – US dollar index rose due to Japan’s determination to keep easing monetary policy. LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

In China’s domestic market, spot copper is expected to be traded at premiums of RMB 90-120/mt on Wednesday.

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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LME Copper to Move Lower (2016-9-14)

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