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Home / Metal News / LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

Dec 17, 2015 10:13

LME copper should move between USD 4,560-4,620/mt during Asian trading hours Thursday.

SHANGHAI, Dec. 17 (SMM) – LME copper should move between USD 4,560-4,620/mt during Asian trading hours Thursday.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

SHFE 1602 copper will range RMB 35,300-35,800/mt on December 17. Given stable supply in China, spot copper should trade between discounts of RMB 70/mt and premiums of RMB 10/mt against SHFE-front month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

LME copper prices

SHFE 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

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