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Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600
Sep 13, 2017 11:25Source: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.
Goldman Sachs Sees Copper Price Fall in 6-12 Months
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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