SHFE Copper to Swing Widely (2016-5-18)-Shanghai Metals Market

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SHFE Copper to Swing Widely (2016-5-18)

Price Review & Forecast 09:21:31AM May 18, 2016 Source:SMM

SHANGHAI, May 18 (SMM) – SHFE 1607 copper will widely range RMB 35,600-36,000/mt on May 18 with volatile crude oil prices and US dollar index.

LME copper will range USD 4,630-4,680/mt during Asian trading hours Wednesday. Spot copper will be offered at discounts of RMB 20-70/mt against SHFE 1606 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-18)

SHFE Copper to Swing Widely (2016-5-18)

Price Review & Forecast 09:21:31AM May 18, 2016 Source:SMM

SHANGHAI, May 18 (SMM) – SHFE 1607 copper will widely range RMB 35,600-36,000/mt on May 18 with volatile crude oil prices and US dollar index.

LME copper will range USD 4,630-4,680/mt during Asian trading hours Wednesday. Spot copper will be offered at discounts of RMB 20-70/mt against SHFE 1606 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-18)