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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

Source:SMM

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

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SMM Comments

LME Copper to Underperform SHFE Copper Next Week, SMM Expects

LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

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Copper Price to Remain Range-Bound Next Week, SMM Says

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