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Home / Metal News / LME Copper to Trade Higher on Short-Covering (2015-12-22)

LME Copper to Trade Higher on Short-Covering (2015-12-22)

Dec 22, 2015 09:29

Source:SMM

LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

SHANGHAI, Dec. 22 (SMM) – LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

See forecast for other base metals, please click:Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

SHFE 1602 copper will range RMB 36,000-36,700/mt on Dec. 22. In China’s spot market, cargo holders rush to sell for cash and thus spot discounts of RMB 30-120/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

LME copper prices

SHFE copper prices

copper prices

Cu price

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