Rising Momentum to Wane for LME Copper (2016-3-22)
LME copper price gains will be dampened by rallies in dollar and soft crude oil prices.
SHANGHAI, Mar. 22 (SMM) – LME copper price gains will be dampened by rallies in dollar and soft crude oil prices and will move between USD 5,020-5,080/mt during Asian trading hours Tuesday.
SHFE 1605 copper will range RMB 38,100-38,450/mt on Mar. 22 and spot discounts of RMB 160-220/mt are expected against SHFE 1604 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-22)
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.
