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Home / Metal News / SHFE Copper to Bounce Back (2016-2-25)

SHFE Copper to Bounce Back (2016-2-25)

Feb 25, 2016 09:35

Source:SMM

SHFE 1604 copper will rally after touching the 20-day moving average in response to crude prices and should range RMB 35,950-36,200/mt on Feb. 25.

SHANGHAI, Feb. 25 (SMM) – SHFE 1604 copper will rally after touching the 20-day moving average in response to crude prices and should range RMB 35,950-36,200/mt on Feb. 25.

LME copper should fluctuate between USD 4,620-4,670/mt during Asian trading hours Thursday. In China, spot copper supply remains ample while downstream purchase stays weak, Spot discounts of RMB 150-250/mt are expected against SHFE 1603 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-25)

SHFE copper prices

LME copper prices

copper prices

Cu price

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50% Chinese copper smelters surveyed by SMM see LME copper to fall below USD 4,750/mt this week and SHFE 1610 copper to drop below RMB 37,000/mt.

Aug 23, 2016 10:31

SMM Comments

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SMM Comments

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SMM Insight

India Major Brass, Copper Scrap prices remain flat; MCX Copper slips on Chinese demand worries

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Feb 26, 2016 15:24

Industry

60% China Copper Producers See Copper Prices to Grow This Week, SMM Survey

60% Chinese copper producers expect LME copper to break through USD 4,700/mt this week and SHFE 1604 copper will increase above RMB 36,500/mt.

Feb 23, 2016 10:20

SMM Comments

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SHFE Copper to Bounce Back (2016-2-25)

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2024 （13TH）SMM METAL INDUSTRY ANNUAL CONFERENCE

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