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Home / Metal News / 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 09:41

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 Michael Jiang at michaeljiang@smm.cn

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Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

Oct 31, 2017 13:24

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May 24, 2016 09:25

SMM Comments

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LME copper will narrowly range USD 4,680-4,720/mt during Asian trading hours Tuesday.

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SHFE 1604 copper will hover at highs between RMB 35,650-35,900/mt on February 18 in response to crude oil prices.

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SMM Comments

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Feb 16, 2016 09:47

SMM Comments

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SHFE 1603 copper opened at RMB 36,040/mt on Thursday.

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

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