LME Copper to Stay Weak (2016-5-16)-Shanghai Metals Market

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

Price Review & Forecast 09:36:51AM May 16, 2016 Source:SMM

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 to Stay Weak (2016-5-16)

Price Review & Forecast 09:36:51AM May 16, 2016 Source:SMM

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)