LME Copper Market Study
Copper is used in many different fields, such as construction, industry, lighting, etc. When we do business with foreign coutries, we always face some problems on copper price concept.
1) LME closing copper price, we can get it on our software and know last day closing price;
2) LME settlement copper price, which is used by many clients, we can get this price 2hours after futures market opening;
3) LME official copper price, which is the average price of a day, we can get it from www.lme.com ;
4) LME Monthly Average copper price, which is taken by many European factories, we can get this data from www.lme.com too.
When we discuss with our clients regarding which one is suitable for us, we have to make relative fabrication quotation, otherwise we will bear high risk on copper price changes.
If you have any question about copper, you can send email to sales@axemcn.com. Hope we can help you.