LME Copper to Range Narrowly (2016-4-28)-Shanghai Metals Market

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

Price Review & Forecast 09:52:09AM Apr 28, 2016 Source:SMM

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 to Range Narrowly (2016-4-28)

Price Review & Forecast 09:52:09AM Apr 28, 2016 Source:SMM

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)