LME Copper to Test Higher (2016-4-21)

Published: Apr 21, 2016 11:02

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Oil price lurched higher with positive US oil data, showing a 6-week decline in output. This, combined with US’s better-than-expected existing home sales and rising equities, pushed up LME copper.

SHANGHAI, Apr. 21 (SMM) – Oil price lurched higher with positive US oil data, showing a 6-week decline in output. This, combined with US’s better-than-expected existing home sales and rising equities, pushed up LME copper.

On Thursday, LME nickel is expected to trade at USD 4,935-4,985/mt, and SHFE most actively-traded contract will move between RMB 37,300-37,700/mt, with spot discounts at RMB 170-120/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-21)

copper price LME copper price SHFE copper price copper price forecast

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