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

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

Dec 14, 2015 10:05

Source: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.

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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