LME Copper to Move in a Tight Range (2015-12-29)

Published: Dec 29, 2015 09:41

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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

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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