LME Copper to Fall back from Highs (2016-3-14)
LME copper should drop from highs and move between USD 4,920-5,000/mt during Asian trading hours Monday due to poor economic figures released last weekend.
SHANGHAI, Mar. 14(SMM) – LME copper should drop from highs and move between USD 4,920-5,000/mt during Asian trading hours Monday due to poor economic figures released last weekend.
SHFE 1605 copper is expected to range between RMB 37,400-38,000/mt on Mar. 14 and spot discounts will narrow to RMB 0-80/mt against SHFE 1603 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-14)
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.
