LME Copper to Look for Price Floor (2016-4-8)

Published: Apr 8, 2016 09:16

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LME copper may fall further to USD 4,640-4,690/mt during Asian trading hours Friday after slipping below the 60-day moving average.

SHANGHAI, Apr. 8 (SMM) – LME copper may fall further to USD 4,640-4,690/mt during Asian trading hours Friday after slipping below the 60-day moving average.

SHFE 1606 copper should decline to RMB 35,700-36,100/mt on Apr. 8 and spot copper should trade at premiums of RMB 0-50/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-8)

LME copper prices SHFE 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.

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