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Home / Metal News / LME Copper to Stay Range-Bound (2016-3-30)

LME Copper to Stay Range-Bound (2016-3-30)

Mar 30, 2016 09:47

Source:SMM

LME copper should narrowly range USD 4,905-4,945/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 30 (SMM) – LME copper should narrowly range USD 4,905-4,945/mt during Asian trading hours Wednesday.

US dollar index fell back due to Yellen’s dovish attitudes. SHFE 1605 copper will move between RMB 37,400-37,700/mt on Mar. 30 and spot discounts of RMB 60-110/mt are expected against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

LME copper prices

SHFE copper prices

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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 Stay Range-Bound (2016-3-30)

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