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Home / Metal News / LME Copper to Bounce Back (2016-3-17)

LME Copper to Bounce Back (2016-3-17)

Mar 17, 2016 09:45

LME copper will rebound to USD 4,930-5,000/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 17 (SMM) – LME copper will rebound to USD 4,930-5,000/mt during Asian trading hours Thursday.

US Fed left its Federal fund rate unchanged in March overnight and lowered forecast for its rate hike, supporting commodity prices.

SHFE 1605 copper will hover between RMB 37,300-37,800/mt on Mar. 17 and spot discounts of RMB 150-200/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-17)

LME copper prices

SHFE 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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