Decline in the US dollar helped copper contract prices break through the highest level in nearly 8 weeks

Nov 27, 2023, at 4:33 pm
SMM

At the beginning of the week, the US dollar continued to weaken amidst expectations that the Fed has done raising interest rate this year, almost falling below the 103 mark; copper contract prices moved higher, with LME copper peaking at $8,486/mt, and the most active SHFE 2401 copper contract prices peaking at 68,350 yuan/mt.

Industri
Tembaga

Sebelumnya
SMM • 2 tahun yang lalu
Medium and heavy rare earth prices rebounded, while Pr-Nd prices stayed weak
Berikutnya
SMM • 2 tahun yang lalu
Copper inventories in the domestic bonded zones decreased

Decline in the US dollar helped copper contract prices break through the highest level in nearly 8 weeks

Medium and heavy rare earth prices rebounded, while Pr-Nd prices stayed weak

Copper inventories in the domestic bonded zones decreased