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LME Copper to Face Pressure (2016-5-6)

Published: May 6, 2016 09:33
LME copper should consolidate at USD 4,740-4,800/mt during Asian trading hours Friday.

SHANGHAI, May 6 (SMM) – LME copper should consolidate at USD 4,740-4,800/mt during Asian trading hours Friday.

US dollar bounces back from lows while crude oil prices meet resistance. Base metals prices will be weighed on. SHFE 1607 copper will fluctuate between RMB 36,400-36,800/mt on May 6. Spot copper will be offered at premiums of RMB 0-50/mt against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)


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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LME Copper to Face Pressure (2016-5-6) - Shanghai Metals Market (SMM)