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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)

Mar 23, 2016 09:32

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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Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

Oct 31, 2017 13:24

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

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