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Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

iconSep 13, 2017 11:25
Source:SMM
Morgan Stanley reckons fundamentals are not good enough to leave copper prices above $6,600 per tonne.

SHANGHAI, Sept. 13 (SMM) – Morgan Stanley reckons fundamentals are not good enough to leave copper prices above $6,600 per tonne.

SMM Releases Copper PMI in August and September Forecast

Foreign trade for copper remains sluggish this year. Despite improvement in economic activities in September, construction and public investment slowed.

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LME copper rose 0.9% to $6,755.50 per tonne recently, but dropped 3% to the lowest from May last Friday. 

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