LME Copper to Move at Highs (2016-3-8)
LME copper should trade at highs of USD 4,970-5,020/mt during Asian trading hours Tuesday.
SHANGHAI, Mar. 8 (SMM) – LME copper should trade at highs of USD 4,970-5,020/mt during Asian trading hours Tuesday.
SHFE 1605 copper will follow LME copper move at highs of RMB 37,850-38,500/mt on Mar. 8 and in China, spot discounts of RMB 80-180/mt are expected against SHFE 1603 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)
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.
