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Copper Prices to Face Pressure from Chinese Stock Market (2016-1-5)

iconJan 5, 2016 10:00
LME copper should range USD 4,580-4,650/mt during Asian trading hours Tuesday with pressure from Chinese stock market.

SHANGHAI, Jan. 5 (SMM) – LME copper should range USD 4,580-4,650/mt during Asian trading hours Tuesday with pressure from Chinese stock market.

See forecast for other base metals, please click: Shanghai Base Metals to Eye on Stock Market after Circuit-Breaker, SMM Says

SHFE 1603 copper is expected to hover between RMB 35,700-36,300/mt on Jan. 5 and spot discounts of RMB 80-150/mt are expected against SHFE 1601 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-5)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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