Wednesday 18 December 2019

Copper Trading Range For The Day Is 441.4-445.6

Copper trading range for the day is 441.4-445.6.

Copper prices rose after Washington said an initial deal to resolve the Sino-U.S. trade war was "totally done" but lingering scepticism capped gains.

Chile's Codelco, expects prices to average about $2.6 to $2.8 per pound over the medium-term.

The discount of cash LME copper over the three-month contract stood at $24.25 a tonne, implying weak near-term demand.

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