SHFE Copper to Outperform LME Copper (2016-5-24)
SHFE 1607 copper should perform better than LME copper on May 24.
SHANGHAI, May 24 (SMM) – SHFE 1607 copper should perform better than LME copper on May 24.
LME copper will fluctuate at USD 4,540-4,580/mt during Asian trading hours Tuesday. SHFE 1607 copper will range RMB 34,950-35,350/mt on May 24 and spot copper will be offered at premiums of RMB30-70/mt against SHFE 1606 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-24)
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.
