[Cu Price] Futures Analysts See Copper Price to Edge Higher Next Week, SMM Interview-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Zinc
  • Nickel
  • Aluminium
  • Macroeconomics
  • Iron ore
  • Sales data
  • Stainless steel
  • precious metals
  • Rare earth
  • Futures movement
  • Production data
  • Copper

[Cu Price] Futures Analysts See Copper Price to Edge Higher Next Week, SMM Interview

Industry News 04:40:48PM Jun 26, 2015 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Immune to an 8.55% plunge in Chinese stock market, September-delivery SHFE copper ended Friday’s daytime trading with a 380 yuan rise at 42,270 yuan per tonne. Will this uptrend continue into next week?

Ten of the 17 analysts interviewed by SMM expect copper prices to present a slight rise (less than 1%) next week, four of them see more than 1% increase, and the remaining three predict prices will edge lower (less than 1%).

“Markets now expect the result of Greek debt talks to be positive and the US dollar will be directionless given mixed economic signposts,” said analyst of Luzhong Futures.

“Besides, both LME and SHFE reported low copper inventories, these factors will bolster prices, but we see on a marginal price increase as the key driver – consumption – remains unimproved,” the analyst added.
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

[Cu Price] Futures Analysts See Copper Price to Edge Higher Next Week, SMM Interview

Industry News 04:40:48PM Jun 26, 2015 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Immune to an 8.55% plunge in Chinese stock market, September-delivery SHFE copper ended Friday’s daytime trading with a 380 yuan rise at 42,270 yuan per tonne. Will this uptrend continue into next week?

Ten of the 17 analysts interviewed by SMM expect copper prices to present a slight rise (less than 1%) next week, four of them see more than 1% increase, and the remaining three predict prices will edge lower (less than 1%).

“Markets now expect the result of Greek debt talks to be positive and the US dollar will be directionless given mixed economic signposts,” said analyst of Luzhong Futures.

“Besides, both LME and SHFE reported low copper inventories, these factors will bolster prices, but we see on a marginal price increase as the key driver – consumption – remains unimproved,” the analyst added.
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.