Monthly Copper Market Report Aug 2018
2018-09-12 17:58:45 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
In August, the US dollar index remained high at 94.545-96.991 and the exchange rate of offshore RMB against US dollar kept rising and once exceeded 6.95. LME copper inventory increased while Chinese copper inventory declined. In addition, LME copper price went down from USD6,160/t to USD6,018/t. Chinese copper price also dropped compared with July and remained below RMB50,000/t (USD7,279/t) throughout the month, dropping to as low as RMB47,500/t (USD6,915/t).
