Rising Oil Price to Improve Copper Market (2016-4-19)

Published: Apr 19, 2016 09:36

Save

Oil market rallied overnight, and the dollar weakened, boosting market sentiment.

SHANGHAI, Apr. 19 (SMM) – Oil market rallied overnight, and the dollar weakened, boosting market sentiment.

On Tuesday, SMM expects LME copper to trade in the USD 4,780-4,850/mt, and the most actively-traded copper contract on the SHFE will range between RMB 36,700-37,100/mt, with spot discounts between RMB 130-80/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-19)

copper price copper price forecast LME copper price SHFE copper 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn