Monthly Copper Market Report Jun 2018
2018-07-12 18:04:40 【Print】
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The US dollar index remained high at 94-95 in June and once reached up to 95
. 53 . Exchange rate between offshore Renminbi and US dollar kept decling and fell below 6 . 6 . LME copper inventory decreased in the month and China's copper inventory was also on the decline. LME copper price hit high levels before dropping and fluctuated between USD6,644/t and USD7,266/t. Same thing happened in Chinese market where copper price reached up to RMB54,000/t (USD8,062/t) and dropped to around RMB51,000/t (USD7,614/t) in late June.