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

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

Jan 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

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Jul 4, 2016 09:27

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SMM Comments

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

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025