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Home / Metal News / Muted Trading Expected in Shanghai Spot Copper Market (2016-2-5)

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

Feb 5, 2016 09:25

Source: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.

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

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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LME copper will trade at USD 5,600-5,650/mt on Thursday and SHFE 1706 copper will move at RMB 45,500-45,900/mt.

Apr 13, 2017 09:29

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LME Copper to See Range-Bound Trading (2017-4-13)

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LME Copper to See Range-Bound Trading (2017-3-31)

LME copper will trade at USD 5,860-5,910/mt on Friday and SHFE 1705 copper will move at RMB 47,450-47,850/mt.

Mar 31, 2017 09:32

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LME Copper to See Range-Bound Trading (2017-3-31)

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

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

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