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Home / Metal News / SHFE Copper to Trade at Highs on Bullishness (2016-3-28)

SHFE Copper to Trade at Highs on Bullishness (2016-3-28)

Mar 28, 2016 09:35

Source:SMM

SHFE 1606 copper was shifted to the most active contract and will fluctuate at highs of RMB 37,700-38,100/mt on March 28.

SHANGHAI, Mar. 28 (SMM) – SHFE 1606 copper was shifted to the most active contract last Friday night and will fluctuate at highs of RMB 37,700-38,100/mt on March 28.

LME market will still be closed on Monday for the Easter Day. Longs still post growth on SHFE copper market and domestic economic figures released last weekend beat forecast. Spot discounts of RMB 50-120/mt are expected against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-28)

SHFE copper prices

LME copper prices

Cu price

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