Home / Metal News / LME Copper to Trade in Tight Range (2016-1-25)

LME Copper to Trade in Tight Range (2016-1-25)

iconJan 25, 2016 10:02
Source: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
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news