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LME Copper to Range USD 4,540-4,600/mt (2015-12-1)
Dec 1, 2015 09:33Source:SMM
LME copper will move in a range of USD 4,540-4,600/mt during Asian trading hours Tuesday.
SHANGHAI, Dec. 1 (SMM) – LME copper will move in a range of USD 4,540-4,600/mt during Asian trading hours Tuesday.
See forecast for other base metals, please click:Shanghai Base Metals to Diverge, SMM Says
Markets will focus on China’s official PMI, Caixin manufacturing PMI and non-manufacturing PMI for November. The official PMI should improve over October’s but still stay below 50.
SHFE 1601 copper should range between RMB 34,600-35,100/mt on Dec. 1 and spot copper will quote at discounts of RMB 60/mt and premiums of RMB 10/mt with ample supply early Dec.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-1)
LME copper prices
SHFE copper prices
Cu price
copper prices
For queries, please contact William Gu at williamgu@smm.cn
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