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

Hot Keywords

  • Zinc
  • Copper
  • Copper scrap
  • Inventory data
  • Rare earth
  • Lithium
  • Aluminium
  • Evening comments
  • Market commentary
  • Futures movement
  • Morning comments
  • Customs data
  • Silicon
  • MMi Iron Ore Port Index
  • Cobalt

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

Price Review & Forecast 09:28:07AM May 17, 2016 Source:SMM

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 to Set for Gains (2016-5-17)

Price Review & Forecast 09:28:07AM May 17, 2016 Source:SMM

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)