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

Published: 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 priceSHFE copper priceCu price

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.

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