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

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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)