LME Copper to Remain under Pressure (2016-5-25)-Shanghai Metals Market

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LME Copper to Remain under Pressure (2016-5-25)

Price Review & Forecast 09:20:55AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – LME copper will meet resistance at the 5-day moving average and will fluctuate at USD 4,570-4,625/mt during Asian trading hours Wednesday.

SHFE 1607 copper will range RMB 35,200-35,600/mt on May 25 and spot copper will be offered at premiums of RMB 40-90/mt against SHFE 1606 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)

LME Copper to Remain under Pressure (2016-5-25)

Price Review & Forecast 09:20:55AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – LME copper will meet resistance at the 5-day moving average and will fluctuate at USD 4,570-4,625/mt during Asian trading hours Wednesday.

SHFE 1607 copper will range RMB 35,200-35,600/mt on May 25 and spot copper will be offered at premiums of RMB 40-90/mt against SHFE 1606 copper. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)