Home / Metal News / Precious Metals / Copper prices to average at $2.95 to $3 per lb in 2015: Cochilco
Copper prices to average at $2.95 to $3 per lb in 2015: Cochilco
Jan 9,2015 20:33CST
industry news
Source:SMM
According to forecast by the Chilean Copper Commission (Cochilco), the copper prices are estimated to average at $2.95 to $3.000 per lb in 2015.

Author: Paul Ploumis09 Jan 2015 Last updated at 05:09:18 GMT

SANTIAGO (Scrap Monster): According to forecast by the Chilean Copper Commission (Cochilco), the copper prices are estimated to average at $2.95 to $3.000 per lb in 2015. The estimates have been slightly lowered when compared with the Commission’s earlier forecast of $ 3 per lb in 2015.

Meanwhile, the Commision notes that weekly average copper prices fell slightly by 2.6 cents per pound during the week from December 29th to January 2nd, 2015 with respect to the average reached last week. The week observed moderate increase in inventories at metal exchanges. The transaction volumes remained low. The strength of US dollar in the international market pushed down the metal prices. The contraction in Chinese manufacturing sector raised doubts about the metal prospects in 2015.

At the end of this week inventories in Metal Exchanges registered an increase of 4,835 tonnes, equivalent to 1.6% with respect to last Friday. The current inventory levels represent 5.3 days of consumption. 

cochilco
chile
copper output
copper price
forecast
us dollar
surplus
chinese economy

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news