LME Copper to Move in a Tight Range (2016-3-23)

SHANGHAI, Mar. 23 (SMM) – LME copper will keep fluctuating and narrowly range USD 5,030-5,085/mt during Asian trading hours Wednesday.

Positions on both LME and SHFE copper market posted notable drop in positions overnight. SHFE 1605 copper should hover between RMB 38,100-38,450/mt on Mar. 23 and spot discounts of RMB 120-200/mt are expected against SHFE 1604 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-23)