LME Copper to Stay Range-Bound (2015-12-23)

Published: Dec 23, 2015 09:59

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LME copper will move in a tight range of USD 4,650-4,700/mt during Asian trading hours Wednesday with market staying quiet ahead of Christmas Day.

SHANGHAI, Dec. 23 (SMM) – LME copper will move in a tight range of USD 4,650-4,700/mt during Asian trading hours Wednesday with market staying quiet ahead of the Christmas Holiday.

See forecast for other base metals, please click: LME Market to See Light Trading ahead of Christmas Holiday, SMM Says

SHFE 1602 copper should range RMB 35,900-36,300/mt on Dec. 23 and spot discounts of RMB 50-150/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-23)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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