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Home / Metal News / LME Copper to Range Narrowly (2016-4-28)

LME Copper to Range Narrowly (2016-4-28)

iconApr 28, 2016 09:52
LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Thursday.

SHANGHAI, Apr. 28 (SMM) – LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Thursday.

US Fed decided not to raise its key interest rate at its April rate meeting, which poses little impact on market. Metals will seek direction from crude oil price movements.

SHFE 1606 copper will fluctuate between RMB 37,000-37,500/mt on Apr. 28 and spot discounts of RMB 100-150/mt are expected against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-28)

LME copper price
SHFE copper price
Cu price
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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