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Home / Metal News / Long Momentum to Remain in Copper Market (2016-4-22)

Long Momentum to Remain in Copper Market (2016-4-22)

Apr 22, 2016 09:33

Source:SMM

Copper futures price tumbled with falling price of oil and ferrous metals, a rising dollar. On Friday, long momentum is expected to remain in copper market.

SHANGHAI, Apr. 22 (SMM) – Copper futures price tumbled with falling price of oil and ferrous metals, a rising dollar.

On Friday, long momentum is expected to remain in copper market. LME nickel is expected to trade at USD 4,970-5,020/mt, and SHFE most actively-traded contract will move between RMB 37,700-38,100/mt, with spot discounts at RMB 170-130/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-22)

copper price

LME copper price

SHFE copper price

copper price forecast

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