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

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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)