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

May 5, 2015 10:13

SHFE 1507 copper contract prices started at RMB 45,830/mt Monday night and soon climbed to RMB 45,930/mt but met resistance at the level.

SHANGHAI, May 5 (SMM) – LME closed on May 4 for the bank holiday. SHFE 1507 copper contract prices started at RMB 45,830/mt Monday night and soon climbed to RMB 45,930/mt but met resistance at the level. The prices then pulled back to RMB 45,650/mt and hovered near RMB 45,780/mt before ending at RMB 45,730/mt, up RMB 260/mt, or 0.57%.

SHFE 1507 copper contract is expected to trade at RMB 45,500-46,000/mt on May 5. Spot copper may be offered at premiums of RMB 20-100/mt to SHFE 1505 copper contract in Shanghai.

SHFE copper

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.

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

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025