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

Price Review & Forecast 09:22:34AM May 04, 2016 Source:SMM

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)

Key Words: LME copper price SHFE copper price Cu price

Relative News

Price

1# Silver ingots(99.99%)

May.23

3491.0

2.0

(0.06%)

2# Silver ingots(99.95%)

May.23

3476.0

2.0

(0.06%)

3# Silver ingots(99.90%)

May.23

3461.0

2.0

(0.06%)

Gold(99.99%)

May.23

286.5

0.4

(0.13%)

Gold(99.95%)

May.23

286.5

0.5

(0.16%)

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

Price Review & Forecast 09:22:34AM May 04, 2016 Source:SMM

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

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

Key Words: LME copper price SHFE copper price Cu price