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Home / Metal News / [Cu] SMM Forecast - Copper Prices

[Cu] SMM Forecast - Copper Prices

iconAug 28, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 28 (SMM) -- The optimistic sentiment still prevailed among market players in copper market, and macro economic data from Europe and the US continue to determine copper price trend. The economic data released during this week were better than expected, improving market confidence in economic recovery, and increasing copper prices to the range of USD 6,000-6,400/mt again. Copper prices will likely soar to test the pressure level of USD 6,500/mt next week under the background of loose monetary policy, if macro economic data remain positive. Particular attention should be paid to the interest rate decision in Australia and the EU, as well as macro economic data from Europe and the US. 

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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