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Home / Metal News / SHFE Copper to Fluctuate at Highs (2016-2-18)

SHFE Copper to Fluctuate at Highs (2016-2-18)

Feb 18, 2016 09:54

Source:SMM

SHFE 1604 copper will hover at highs between RMB 35,650-35,900/mt on February 18 in response to crude oil prices.

SHANGHAI, Feb. 18 (SMM) – SHFE 1604 copper will hover at highs between RMB 35,650-35,900/mt on February 18 in response to crude oil prices.

See forecast for other base metals, please click: Base Metals to Diverge in Shanghai, SMM Says

LME copper should move between USD 4,560-4,605/mt during Asian trading hours Thursday. Cargo holders should widen their price offers due to growing supply in China and thus spot discounts of RMB 220-320/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-18)

SHFE copper prices

LME copper prices

copper prices

Cu price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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SHFE Copper to Fluctuate at Highs (2016-2-18)

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