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SHFE Copper to Bounce back (2016-4-29)
Apr 29,2016 09:45CST
price review forecast
Source: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.

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)

SHFE copper price
Cu price
LME copper price

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