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Home / Metal News / LME and SHFE Copper to See Rising Volatility

LME and SHFE Copper to See Rising Volatility

Apr 22, 2016 18:03

Source:SMM

LME copper should fluctuate in a wide range of $4,880-5,080 per tonne next week, said SMM, testing $5,130 per tonne, citing technical indicators.

SHANGHAI, Apr. 22 (SMM) - LME copper should fluctuate in a wide range of $4,680-4,850 per tonne next week, said SMM, citing technical indicators.

June copper on the SHFE will hover between 36,400-37,500 yuan per tonne, SMM added, tracking ferrous metals. Ferrous metals will lead price gains of commodities in the near term.

Spot discounts will expand to 180-130 yuan per tonne against June copper on the SHFE.

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LME copper price

copper price

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME and SHFE Copper to See Rising Volatility

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