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LME Copper to Stay Weak (2016-5-16)
May 16,2016 09:36
CSTprice review forecast
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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