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

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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)


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)