LME Copper to Set for Gains (2016-5-17)

Published: May 17, 2016 09:28

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LME copper will move higher to USD 4,640-4,690/mt during Asian trading hours Tuesday due to big gains in oil prices.

SHANGHAI, May 17 (SMM) – LME copper will move higher to USD 4,640-4,690/mt during Asian trading hours Tuesday due to big gains in oil prices.

SHFE 1607 copper will fluctuate between RMB 35,500-35,900/mt on May 17. Spot copper will be offered at discounts of RMB 60-100/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-17)

LME copper prices SHFE copper price Cu price

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

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