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

Published: Feb 18, 2016 09:54

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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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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