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Home / Metal News / LME Copper to Stay Weak (2016-5-16)

LME Copper to Stay Weak (2016-5-16)

iconMay 16, 2016 09:36
Source:SMM
LME copper will remain weak and range USD 4,590-4,630/mt during Asian trading hours Monday due to negative economic figures from China.

SHANGHAI, May 16 (SMM) – LME copper will remain weak and range USD 4,590-4,630/mt during Asian trading hours Monday due to negative economic figures from China.

SHFE 1607 copper will fluctuate between RMB 35,000-35,500/mt on May 16. Spot copper will be offered at premiums of RMB 50-100/mt against SHFE 1605 copper and at discounts of RMB 50-100/mt against SHFE 1606 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-16)

LME copper prices
SHFE copper price
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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