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SMM Morning Comments (Apr 16) - Price Review & Forecast

From news.metal.com

Copper: Three-month LME copper fell to a low of $6,452/mt before it pared some losses to close 0.2% lower at $6,489/mt. Dragged by its LME counterpart, the most active SHFE May contract weakened before short-covering bolstered it to recover some losses to end close to 0.2% lower at 49,430 yuan/mt overnight. Copper prices are expected to trade ranegbound today as traders found limited guidance from a lack of economic data slated for release. LME copper is expected to trade between $6,470-6,520/mt with SHFE copper at 49,250-49,700 yuan/mt. Aluminium: Three-month LME aluminium fluctuated to close marginally lower at ... (full story)

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  • Category: Fundamental Analysis