SHFE Copper to Post Small Gains (2016-3-25)

Published: Mar 25, 2016 09:28

Save

SHFE copper should grow marginally to RMB 37,400-37,800/mt on Mar. 25.

SHANGHAI, Mar. 25 (SMM) – SHFE 1605 copper should grow marginally to RMB 37,400-37,800/mt on Mar. 25.

LME market is closed today for Good Friday holiday. Spot discounts of RMB 80-140/mt are expected in China against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

SHFE copper prices LME 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 communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]

[SMM cast aluminum alloy morning comment: Offers outside China moved down, import losses continued] Overnight, the most-traded AD2611 cast aluminum alloy contract opened at 23,335 yuan/mt, shot up to 23,385 yuan/mt after the open before bulls lost momentum, then pulled back step by step, dipped to a low of 23,210 yuan/mt during the session, and consolidated to recover near the close, settling at 23,275 yuan/mt...

4 mins ago

7 mins ago

Alumina futures hover low with moving averages pressuring from bears; spot alumina edges down [SMM Alumina Morning Comment]

7 mins ago

15 hours ago

SHFE: Cast Aluminum Alloy Warrants Up 718 mt to 24,252 mt on Sept 15

[SMM Flash] SHFE data shows that on September 15, the total registered warrants for cast aluminum alloy stood at 24,252 mt, an increase of 718 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 1,537 mt, down 88 mt from the previous trading day; in Guangdong, it was 1,282 mt, down 121 mt; in Jiangsu, it was 9,020 mt, up 870 mt; in Zhejiang, it was 10,099 mt, up 87 mt; in Chongqing, it was 2,165 mt, unchanged from the previous trading day; and in Sichuan, it was 149 mt, down 30 mt.

15 hours ago