Copper on the London Metal Exchange fell by $ 5 per tonne, maintaining the downward trend in prices, however, this process can be much stronger. Metal on the LME with 3 months' delivery sells for $ 5606.00 per tonne.
Risks to the copper price include a possible further slowdown in the Chinese economy, as well as delays in the implementation of infrastructure plans in the US, according to an analyst at Morgan Stanley.
However, copper on the LME in London has risen 1.4 percent since the beginning of 2017. But in February, the rise in copper prices ended, and now everything indicates that copper will face difficult times.
The metal could drop to $ 4,900 a tonne before it bounces to $ 5,785 a tonne in the fourth quarter of 2017, according to Morgan Stanley.
Copper is getting cheaper this is not the end of falling prices
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Azovpromstal® 18 May 2017 г. 11:52 |
