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Home / Metal News / LME Copper to Stay Range-Bound (2016-5-11)

LME Copper to Stay Range-Bound (2016-5-11)

May 11, 2016 09:27

Source:SMM

LME copper will narrowly range USD 4,660-4,710/mt during Asian trading hours Wednesday.

SHANGHAI, May 11 (SMM) – LME copper will narrowly range USD 4,660-4,710/mt during Asian trading hours Wednesday.

Growth in the API crude oil inventories beat forecast and this may weigh on oil prices. SHFE 1607 copper will fluctuate between RMB 35,600-36,100/mt on May 10. Spot copper will be offered at discounts of RMB 20/mt and premiums of RMB 20/mt against SHFE 1605 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-11)

LME copper price

SHFE copper price

cu prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME Copper to Stay Range-Bound (2016-5-11)

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