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Home / Metal News / SHFE Copper to Stay Range-Bound (2016-5-3)

SHFE Copper to Stay Range-Bound (2016-5-3)

May 3, 2016 09:33

LME copper should narrowly range USD 4,970-5,020/mt during Asian trading hours Tuesday.

SHANGHAI, May 3 (SMM) – LME copper should narrowly range USD 4,970-5,020/mt during Asian trading hours Tuesday.

Crude oil prices fell from highs on Monday. China’s April official PMI remains above 50. SHFE 1606 copper will fluctuate between RMB 37,600-38,200/mt on May 3. Spot discounts of RMB 100-150/mt are expected against SHFE 1605 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-3)

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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SHFE Copper to Stay Range-Bound (2016-5-3)

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