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LME Copper to Trade in Tight Range (2016-1-25)
Jan 25, 2016 10:02Source:SMM
It remains to be seen whether the rally in crude oil prices will prove sustainable.
SHANGHAI, Jan. 25 (SMM) – It remains to be seen whether the rally in crude oil prices will prove sustainable. LME copper should move in a tight range of USD 4,410-4,460/mt on Monday.
SHFE 1603 copper should move between RMB 35,000-35,300/mt.
See forecast for other base metals, please click: Base Metal to Rise First This Week, SMM Says
In China’s spot copper market, spot discounts of RMB 130-200/mt are expected over SHFE 1602 contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-25)
SHFE copper prices
copper prices
Cu price
base metal price forecast
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