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

Published: Mar 29, 2016 09:28

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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

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