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LME Copper to Stay Strong (2015-12-7)
Dec 7,2015 09:46
CSTprice review forecast
Source:SMM
LME copper should move at highs between USD 4,570-4,650/mt during Asian trading hours Monday.
SHANGHAI, Dec. 7 (SMM) – LME copper should move at highs between USD 4,570-4,650/mt during Asian trading hours Monday with shortage of major reports.
See forecast for other base metals, please click: Volatility at Lows to Grow in Base Metal Prices This Week, SMM Says
SHFE 1601 copper prices improved over SHFE 1512 copper and thus cargo holders hold offers firm. On the other hand, downstream demand remains weak in China and spot copper will trade at premiums of RMB 0-60/mt over SHFE 1512 copper.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)
LME copper price
SHFE copper prices
copper prices
Cu price
For queries, please contact Frank LIU at liuxiaolei@smm.cn
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