Shanghai Copper Discounts to Narrow (2016-1-4)

Published: Jan 4, 2016 09:58

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Spot copper discounts in China should narrow to RMB 50-100/mt against SHFE 1602 copper on the first trading day in 2016.

SHANGHAI, Jan. 4 (SMM) – Spot copper discounts in China should narrow to RMB 50-100/mt against SHFE 1602 copper on the first trading day in 2016 and ahead of upcoming delivery date.

See forecast for other base metals, please click: Base Metal Market Starts 2016 Trading with Busy Data Calendar, SMM Reports

LME copper will hover between USD 4,670-4,740/mt during Asian trading hours on Monday and SHFE copper will range RMB 36,300-36,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-4)

spot copper prices SHFE copper prices LME copper prices

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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