SHFE Copper to Bounce back (2016-4-29)
SHFE 1606 copper will bounce back to RMB 37,100-37,600/mt on Apr. 29 with strengthening of crude oil and ferrous metal prices.
SHANGHAI, Apr. 29 (SMM) – SHFE 1606 copper will bounce back to RMB 37,100-37,600/mt on Apr. 29 with strengthening of crude oil and ferrous metal prices.
LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Friday. In China, spot discounts of RMB 90-150/mt are expected against SHFE 1605 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-29)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
