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Home / Metal News / Rising Momentum to Wane for LME Copper (2016-3-22)

Rising Momentum to Wane for LME Copper (2016-3-22)

Mar 22, 2016 09:29

Source:SMM

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)

LME copper prices

SHFE copper prices

Cu price

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