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

Published: Jan 25, 2016 10:02

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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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