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Home / Metal News / SHFE Copper to Remain Strong (2015-12-14)

SHFE Copper to Remain Strong (2015-12-14)

iconDec 14, 2015 10:05
SHFE 1602 copper will move at highs at RMB 35,700-36,300/mt on Dec. 14 due to sportive factors from output cut and stockpiling of aluminum and zinc.

SHANGHAI, Dec. 14 (SMM) – SHFE 1602 copper will move at highs at RMB 35,700-36,300/mt on Dec. 14 due to sportive factors from output cut and stockpiling of aluminum and zinc.

See forecast for other base metals, please click: Base Metal Prices to Rise at First This Week, SMM Foresees

LME copper is expected to range USD 4,650-4,700/mt during Asian trading hours Monday. Caution will prevail Chinese spot copper market on Monday and thus spot discounts of RMB 20-80/mt are expected against SHFE front-month contract. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-14)

SHFE copper prices
LME copper prices
copper prices
Cu price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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