Monthly Copper Market Report Jul 2018
2018-08-10 17:10:53 【Print】
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In July, the US dollar index remained high at 93
. 9-95 . 6 and the exchange rate of offshore RMB against US dollar kept rising and exceeded 6 . 85 . Both LME and Chinese copper inventory decreased in the month. LME copper price dropped from USD6,590/t to USD6,236/t. Chinese copper price also went down compared with June, keeping below RMB50,000/t (USD7,299/t) throughout the month and dropped to as low as RMB48,000/t (USD7,007/t).