Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2011/3/16 Copper Market
Mar 16, 2011 09:34SHANGHAI, Mar. 16 (SMM) – Investor risk appetite dropped along with growing worries over nuclear power plant in Japan from the massive earthquake. Nikkei index continued to tumble on Tuesday, sending the US dollar index up to 77.04, which further weighed on base metal prices. LME copper prices in electronic trading briefly fell below USD 9,000/mt, down as low as USD 8,944.5/mt. Later, the US Federal Reserve announced to continue its quantitative easing policy and keep its interest rate unchanged at a record low of 0-0.25%, pushing down the US dollar index. As a result, LME copper prices rallied, recouping some earlier losses. Finally, LME copper prices closed at USD 9,118/mt after a low open at USD 8,990/mt, down USD 77/mt.
During Wednesday's Asian trading hours, the US dollar index is expected to move between 76.2-77.6, and LME copper prices will fluctuate in the USD 9,050-9,220/mt range, and SHFE three-month copper contract prices will move between RMB 68,500-69,650/mt.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
copper Cu
copper price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Peru Copper Output Grows in June
Mining production in Peru grew 7 per cent in June, according to its National Institute of Statistics and Information.
Aug 18, 2017 14:50
India Brass, Copper Scrap prices remain flat; Copper Futures advance 1.64 percent
India's major brass and copper scrap prices remained flat on Tuesday.
Mar 30, 2017 10:08
SMM Events & Webinars
All- Nov01
2025 SMM India Session: Li-battery & PV Market Insights
Nov 01 - 30,2025To Be Confirmed
- Nov03
Li-ion Battery Europe 2025
Nov 03 - 04,2025Hilton Barcelona, Spain
- Nov05
2025 SMM Europe & Africa Lithium Resources Field Trip
Nov 05 - 14,2025Spain • Morocco • Zimbabwe New Energy Lithium Battery Industry Tour | November 5–14, 2025Spain & Morocco & Zimbabwe
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
