SHANGHAI, Mar. 16 (SMM) – LME copper will face downside pressure and will range USD 4,900-4,955/mt during Asian trading hours Wednesday.
Base metals dropped across the board overnight due to drop in European and US stock market. SHFE 1605 copper will move between RMB 37,000-37,400/mt on Mar. 16 and spot discounts of RMB 120-180/mt are expected against SHFE 1604 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-16)