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Home / Metal News / SHFE Copper Prices to Hold Firm (2016-3-29)

SHFE Copper Prices to Hold Firm (2016-3-29)

Mar 29, 2016 09:28

SHFE 1605 copper will stay firm and range RMB 37,700-38,000/mt on Mar. 29.

SHANGHAI, Mar. 29 (SMM) – SHFE 1605 copper will stay firm and range RMB 37,700-38,000/mt on Mar. 29.

US economic figures issued overnight show no improvement in inflation. US dollar hence fell back, supporting copper prices.

LME copper will hover between USD 4,960-5,000/mt during Asian trading hours Tuesday. Spot discounts of RMB 70-120/mt are expected against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-29)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE Copper Prices to Hold Firm (2016-3-29)

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