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SHFE Copper to See Thin Trading as Holiday Nears (2016-2-3)
Feb 3, 2016 09:31Source:SMM
More investors will exit as the 2016 Chinese New Year holiday is just days away.
SHANGHAI, Feb. 3 (SMM) – More investors will exit as the 2016 Chinese New Year holiday is just days away.
SHFE 1604 copper should move at RMB 35,300-35,650/mt on Wednesday, and USD 4,525-4,560/mt for LME copper.
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 (2016-2-3)
SHFE copper prices
copper prices
Cu price
base metal price forecast
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