LME Copper to See Range-Bound Trading (2016-5-9)-Shanghai Metals Market

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LME Copper to See Range-Bound Trading (2016-5-9)

Price Review & Forecast 09:44:26AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) – LME copper should narrowly range USD 4,750-4,810/mt during Asian trading hours Monday.

China’s import data posted large month-on-month declines, a reflection of poor demand. SHFE 1607 copper will fluctuate between RMB 36,500-37,000/mt on May 9. Spot copper will be offered at discounts of RMB 30/mt and premiums of RMB 20/mt against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)

LME Copper to See Range-Bound Trading (2016-5-9)

Price Review & Forecast 09:44:26AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) – LME copper should narrowly range USD 4,750-4,810/mt during Asian trading hours Monday.

China’s import data posted large month-on-month declines, a reflection of poor demand. SHFE 1607 copper will fluctuate between RMB 36,500-37,000/mt on May 9. Spot copper will be offered at discounts of RMB 30/mt and premiums of RMB 20/mt against SHFE 1605 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)