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

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

Price Review & Forecast 09:33:03AM May 06, 2016 Source:SMM

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 to Face Pressure (2016-5-6)

Price Review & Forecast 09:33:03AM May 06, 2016 Source:SMM

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)