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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

Source:SMM

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

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