Home / Metal News / Aluminium / LME Copper to Stay Low at $5,050-5,280 Next Week
LME Copper to Stay Low at $5,050-5,280 Next Week
Aug 14,2015 18:02CST
smm insight
Source:SMM
LME copper will remain low next week due to falling crude oil prices and selling pressure, mainly trading at $ 5,050-5,280 per tonne, SMM expects.

SHANGHAI, Aug. 14 (SMM) – LME copper will remain low next week due to falling crude oil prices and selling pressure, mainly trading at $ 5,050-5,280 per tonne, SMM expects.

In China, risk in copper market will grow with uncertainty over yuan’s exchange rate and stock market. Meanwhile, China’s copper consumption is still depressed during this slack season.

“Shorts will re-enter the market once copper price nears 40,000 yuan, so we expect SHFE copper to remain at 38,500-40,000 yuan per tonne next week,” SMM analyst says. 


#1 Refined Copper 7 Day Chart

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

LME copper prices
SHFE copper prices
Cu price
copper price forecast

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