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Home / Metal News / SHFE Copper to See Weak Trading (2016-5-4)

SHFE Copper to See Weak Trading (2016-5-4)

May 4, 2016 09:22

LME copper should range USD 4,890-4,930/mt during Asian trading hours Wednesday.

SHANGHAI, May 4 (SMM) – LME copper should range USD 4,890-4,930/mt during Asian trading hours Wednesday.

Crude oil prices fell overnight while US dollar went higher. SHFE 1607 copper will fluctuate between RMB 37,100-37,550/mt on May 4. Spot discounts of RMB 80-130/mt are expected against SHFE 1605 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)

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 See Weak Trading (2016-5-4)

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