LME Copper to Face Downward Pressure (2016-9-23)
LME copper should stabilize at USD 4,815-4,855/mt on Friday and SHFE 1611 copper will range between RMB 37,500-37,850/mt.
SHANGHAI, Sept. 23 (SMM) – US dollar index rallied from lows and crude oil stopped rising. LME copper should stabilize at USD 4,815-4,855/mt on Friday and SHFE 1611 copper will range between RMB 37,500-37,850/mt.
In China’s domestic market, spot copper should be traded at premiums of RMB 80-120/mt on Friday.
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