LME Copper to Move in a Narrow Range(2016-4-26)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Rare earth
  • Market commentary
  • Zinc
  • Aluminium
  • Iron ore
  • Macroeconomics
  • Copper
  • Sales data
  • MMi Iron Ore Port Index
  • precious metals
  • Nickel
  • Futures movement
  • Evening comments

LME Copper to Move in a Narrow Range(2016-4-26)

Price Review & Forecast 09:39:23AM Apr 26, 2016 Source:SMM

SHANGHAI, Apr. 26 (SMM) – LME copper should narrowly range USD 4,970-5,010/mt during Asian trading hours Tuesday.

The PBOC will inject liquidity into market through MLF operations today. SHFE 1606 copper will fluctuate between RMB 37,700-38,100/mt on Apr. 26 and spot discounts of RMB 130-180/mt are expected against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-26) 

LME Copper to Move in a Narrow Range(2016-4-26)

Price Review & Forecast 09:39:23AM Apr 26, 2016 Source:SMM

SHANGHAI, Apr. 26 (SMM) – LME copper should narrowly range USD 4,970-5,010/mt during Asian trading hours Tuesday.

The PBOC will inject liquidity into market through MLF operations today. SHFE 1606 copper will fluctuate between RMB 37,700-38,100/mt on Apr. 26 and spot discounts of RMB 130-180/mt are expected against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-26)