LME Copper to Move in a Tight Range (2016-7-11)

SHANGHAI, Jul. 11 (SMM) – LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

US nonfarm payrolls for June were upbeat and this slightly eases panic sentiment in market.

SHFE 1609 copper will fluctuate between RMB 36,400-36,750/mt on Jul. 11. Spot copper in China will be offered RMB 30-80/mt above SHFE 1607 copper.