Zinc Stockpiling Meeting Result to Guide SHFE Copper (2015-12-11)

Published: Dec 11, 2015 10:02

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SHFE 1602 copper is expected to move between RMB 34,800-35,150/mt on Dec. 11 with eyes on the zinc stockpiling meeting.

SHANGHAI, Dec. 11 (SMM) – SHFE 1602 copper is expected to move between RMB 34,800-35,150/mt on Dec. 11 with eyes on the zinc stockpiling meeting.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Diverge, with Lead Prices Stronger, SMM Says

LME copper should move in a tight range of USD 4,570-4,605/mt during Asian trading hours Friday. In China’s spot market, cargo holders attempt to hold price firm and thus spot copper will likely trade between discounts of RMB 50/mt and premiums of RMB 20/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-11)

SHFE copper prices LME copper prices copper prices Cu price

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