Home / Metal News / Lead / LME Copper to Move in a Tight Range (2015-12-29)
LME Copper to Move in a Tight Range (2015-12-29)
Dec 29,2015 09:41CST
price review forecast
Source:SMM
LME copper is expected to narrowly range USD 4,610-4,660/mt during Asian trading hours Tuesday.

SHANGHAI, Dec. 29 (SMM) – LME copper is expected to narrowly range USD 4,610-4,660/mt during Asian trading hours Tuesday.

See forecast for other base metals, please click: Strong Dollar to Pressure the Light Trading Market, SMM Says

LME resumes trade today and the SHFE/LME copper price ratio should go up with depreciation in Chinese yuan.

SHFE 1603 copper will move between RMB 35,550-36,000/mt on Dec. 29 and spot discounts of RMB100-180/mt are expected against SHFE front-month contract at year’s end.  

Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)

LME copper prices
SHFE copper prices
copper prices
Cu price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news