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Home / Metal News / SMM Copper Market Morning Review (2015-5-28)

SMM Copper Market Morning Review (2015-5-28)

May 28, 2015 10:15

Source:SMM

LME copper prices touched a low of USD 6,075/mt Wednesday and closed at USD 6,098/mt, losing USD 20/mt.

SHANGHAI, May 28 (SMM) – LME copper prices touched a low of USD 6,075/mt Wednesday and closed at USD 6,098/mt, losing USD 20/mt.

SHFE most active copper contract prices opened lower for the night session at RMB 44,080/mt and rose to RMB 44,360/mt. Some shorts entered the market when prices increased, causing prices to retreat to RMB 44,000/mt. The prices finally ended the night session at RMB 44,120/mt, down RMB 70/mt. Positions declined 1,402 and trading volumes remained at about 130,000 lots.

SHFE 1508 copper contract should trade at RMB 43,900-44,400/mt on May 28. Spot copper may be quoted between a discount of RMB 40/mt and a premium of RMB 30/mt to SHFE 1506 copper contract in Shanghai.

copper prices london metal exchange

SHFE copper prices

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SHFE 1512 copper opening at RMB 39,560/mt last Friday evening and then moved tightly, to end at RMB 39,720/mt.

Oct 19, 2015 17:15

SMM Comments

SMM Copper Market Morning Review (2015-10-19)

LME copper touched a low of USD 5,232/mt during European and US trading hours last Friday due to firmer dollar, to end down USD 54/mt at USD 5,272/mt.

Oct 19, 2015 09:36

SMM Comments

SMM Copper Market Daily Review (2015-10-16)

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29

SMM Comments

SHFE Copper Finishes up 0.78% (Oct. 15, 2015)

SHFE 1512 copper opened higher at RMB 39,750/mt for night trading Wednesday in response to LME copper.

Oct 15, 2015 16:37

SMM Comments

SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47

SMM Comments

SHFE Copper Prices up RMB 840/mt (Oct. 8, 2015)

LME copper gained over USD 160/mt during China’s National Day holiday. SHFE 1512 copper opened Thursday trading session at RMB 39,340/mt.

Oct 8, 2015 16:54

SMM Comments

SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

SHE 1512 copper performed well on Wednesday, partly because of rising Chinese stock market.

Sep 30, 2015 15:36

SMM Comments

SMM Copper Market Morning Review (2015-9-17)

LME copper moved at highs during European and US trading hours due to a softer dollar and improved sentiment, to close at USD 5,390/mt, up USD 58/mt.

Sep 17, 2015 10:14

SMM Comments

SMM Copper Market Daily Review (2015-9-15)

For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.

Sep 16, 2015 08:53

SMM Comments

SMM Copper Market Morning Review (2015-5-4)

LME copper prices moved in a narrow range during Asian hours last Friday and then rallied to end at USD 6,424/mt, up USD 109/mt.

May 4, 2015 09:41

SMM Comments

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