Muted Trading Expected in Shanghai Spot Copper Market (2016-2-5)

Published: Feb 5, 2016 09:25

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In Shanghai spot copper market, trading will grind to a virtual standstill on the last trading day before the 2016 Chinese New Year holiday.

SHANGHAI, Feb. 5 (SMM) –In Shanghai spot copper market, trading will grind to a virtual standstill on the last trading day before the 2016 Chinese New Year holiday. Spot discounts of RMB 120-50/mt are expected over SHFE 1602 contract.

See forecast for other base metals, please click: Shanghai to See Positions down during Last Trading Day before Chinese Holiday, SMM Says

LME copper should range USD 4,660-4,710/mt, and RMB 36,200-36,450/mt for SHFE 1604 copper, with positions down due to pre-holiday risk aversion.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-5)

SHFE copper prices copper prices Cu price base metal price forecast

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