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

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

Dec 1, 2015 09:33

Source: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 Michael Jiang at michaeljiang@smm.cn

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

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