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Home / Metal News / SMM Copper Weekly Price Review and Forecast (Apr. 20-24, 2015)

SMM Copper Weekly Price Review and Forecast (Apr. 20-24, 2015)

Apr 21, 2015 09:29

Source:SMM

SHFE copper outperformed LME copper and moved widely between RMB 42,600-43,600/mt. Trading volumes soared more than 1.8 million lots.

SHANGHAI, Apr. 21 (SMM) – SHFE copper outperformed LME copper and moved widely between RMB 42,600-43,600/mt. Trading volumes soared more than 1.8 million lots, and positions tumbled 35,000 before the weekend.

Downstream buyers began purchasing when copper prices fell to RMB 43,000/mt last week, helping improve spot trades.

China’s stock markets will extend gains, and SHFE copper may follow LME copper up to challenge RMB 44,000/mt.

SHFE copper

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LME copper prices hovered around USD 6,000/mt Wednesday and closed down USD 37/mt at USD 6,003/mt.

Jun 4, 2015 09:18

SMM Comments

SHFE 1508 Copper Closes down RMB 510/mt (Jun. 1, 2015)

The August-delivery SHFE copper moved around RMB 43,720/mt early on Monday and closed down RMB 510/mt at RMB 43,650/mt.

Jun 1, 2015 19:00

SMM Comments

SMM Copper Market Morning Review (2015-5-27)

LME copper prices once fell below USD 6,100/mt Tuesday and ended down USD 65/mt at USD 6,117/mt, with the US dollar index up more than 1%.

May 27, 2015 09:56

SMM Comments

SHFE 1507 Copper Gains RMB 130/mt (May 22, 2015)

The July-delivery SHFE copper stayed in a narrow range Friday morning, and moved up slightly to RMB 45,220/mt in the afternoon aided by a 2.6% rally in Chinese shares.

May 22, 2015 17:47

SMM Comments

SMM Copper Market Daily Review (2015-5-13)

The most active SHFE copper contract stayed in a narrow range in most of Wednesday’s daytime trading, but rallied to RMB 46,390/mt at the tail of the session.

May 14, 2015 08:51

SMM Comments

SHFE 1507 Copper Ends up RMB 50/mt (May 12, 2015)

SHFE 1507 copper contract prices vacillated between RMB 45,600-45,830/mt after opening at RMB 45,690/mt Monday night.

May 12, 2015 18:03

SMM Comments

SMM Copper Market Morning Review (2015-4-8)

LME copper prices ended Tuesday at USD 6,055/mt, up USD 70/mt, failing to rise above USD 6,100/mt.

Apr 8, 2015 10:45

SMM Comments

SMM Copper Weekly Price Review and Forecast (Apr. 7-10, 2015)

Chinese stocks climbed above 3,800 following big swings last week, but iron ore and rebar prices continued to trend down.

Apr 7, 2015 17:37

SMM Comments

SHFE June-Delivery Copper Shifts to Most Active Contract and Ends up 3.7% (Mar. 23, 2015)

SHFE 1506 copper contract became the most active one during night session last Friday.

Mar 23, 2015 18:12

SMM Comments

SMM Copper Market Morning Review (2015-1-12)

LME copper prices dipped to a low of USD 6,100/mt last Friday and closed at USD 6,104/mt, down USD 19/mt. LME copper stocks grew 8,325 mt last week to 187,475 mt.

Jan 12, 2015 09:26

SMM Comments

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SMM Copper Weekly Price Review and Forecast (Apr. 20-24, 2015)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit