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

Published: Mar 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 pricesSHFE copper pricesCu price

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.

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LME Copper to Move in a Tight Range (2016-3-23) - Shanghai Metals Market (SMM)