Copper Market Recap - 8/21/2017

August 21, 2017 3:34PM CDT

September Copper closed up 0.04 at 2.98. This was 0.05 up from the low and 0.02 off the high.

Copper regained strong upside momentum at the start of this week as it went on to post a solid gain during Monday's trading session as well as reach a new high for the move. Reports of labor unrest over the weekend at the Grasberg mine in Indonesia provided copper with a fresh boost of supply-side anxiety given the difficulties seen from that mine over the past year. In addition, a sharp drop in LME daily exchange copper stocks provided copper prices with significant
support.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.