LME Copper to Range USD 4,540-4,600/mt (2015-12-1)

Published: Dec 1, 2015 09:33

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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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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