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Home / Metal News / LME Copper to Move in a Tight Range (2016-3-23)

LME Copper to Move in a Tight Range (2016-3-23)

iconMar 23, 2016 09:32
LME copper will keep fluctuating and narrowly range USD 5,030-5,085/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 23 (SMM) – LME copper will keep fluctuating and narrowly range USD 5,030-5,085/mt during Asian trading hours Wednesday.

Positions on both LME and SHFE copper market posted notable drop in positions overnight. SHFE 1605 copper should hover between RMB 38,100-38,450/mt on Mar. 23 and spot discounts of RMB 120-200/mt are expected against SHFE 1604 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-23)

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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