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

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

May 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

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LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

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Jun 15, 2016 09:41

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31% China Copper Smelters Expect Falls for Copper Prices This Week, SMM Survey

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May 14, 2016 14:01

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

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