SHFE Copper to Rise on Optimism Over Post-Holiday Market (2016-1-28)

Published: Jan 28, 2016 09:43

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SHFE 1603 copper should rise to RMB 35,650-36,100/mt on Thursday, due to optimism over market conditions after the Chinese New Year holiday in early February.

SHANGHAI, Jan. 28 (SMM) –SHFE 1603 copper should rise to RMB 35,650-36,100/mt on Thursday, due to optimism over market conditions after the Chinese New Year holiday in early February.

LME copper should climb to USD 4,550-4,600/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Keep Rising, SMM Says

In China’s spot copper market, spot discounts of RMB 100-180/mt are expected over SHFE 1602 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

SHFE copper prices copper prices Cu price base metal price forecast

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