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Home / Metal News / LME Copper to Move in a Tight Range (2016-3-18)

LME Copper to Move in a Tight Range (2016-3-18)

Mar 18, 2016 09:24

Source:SMM

LME copper should narrowly range USD 5,000-5,080/mt during Asian trading hours Friday.

SHANGHAI, Mar. 18 (SMM) – LME copper should narrowly range USD 5,000-5,080/mt during Asian trading hours Friday.

Both LME and SHFE copper saw big gains overnight with positions growing thanks to rate decision by US Fed. SHFE 1605 copper will fluctuate between RMB 37,800-38,400/mt on Mar. 18 and spot discounts of RMB 160-220/mt are expected against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-18)

LME copper prices

SHFE copper prices

Cu price

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