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LME Copper to Move Lower (2016-9-14)
Sep 14, 2016 09:48Source: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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