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Home / Metal News / LME Copper to Face Downward Pressure (2016-3-16)

LME Copper to Face Downward Pressure (2016-3-16)

iconMar 16, 2016 09:48
Source:SMM
LME copper will face downside pressure and will range USD 4,900-4,955/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 16 (SMM) – LME copper will face downside pressure and will range USD 4,900-4,955/mt during Asian trading hours Wednesday.

Base metals dropped across the board overnight due to drop in European and US stock market. SHFE 1605 copper will move between RMB 37,000-37,400/mt on Mar. 16 and spot discounts of RMB 120-180/mt are expected against SHFE 1604 copper.  

Key Macroeconomic Indicators for Base Metal Prices (2016-3-16)

LME copper prices
SHFE copper prices
copper prices
Cu price

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