Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Copper likely to trade in broad range between $7,500 and $8,500: GFMS

Posted on 10 April 2013

Copper prices will struggle to make headway this year, weighed down by growing inventories due to a cautious view of demand in China, US economic uncertainty and Europe’s debt crisis, metals consultancy Thomson Reuters GFMS said.
In its annual Copper Survey, the consultancy expects prices to average $7,785 a tonne in 2013, down 2.1 percent from the 2012 average. Copper is likely to trade in a broad range between $7,500 and $8,500 this year, with risk weighted on the downside, and $6,500 could be a potential level of support should selling pressure intensify, the consultancy said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031