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LME Copper to Move in a Tight Range (2016-3-23)
Mar 23,2016 09:32
CSTprice review forecast
Source:SMM
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
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