Metals News
SMM Copper Market Morning Review (2015-8-17)
price review forecast
Aug 17,2015

SHANGHAI, Aug. 17 (SMM) – LME copper remained relatively stable Friday and edged down USD 7/mt to close at USD 5,170/mt. The US dollar index increased on strong economic data, weighing on base metals.

China’s RMB stabilized, but concerns over weak demand continued to shadow the market. Crude oil price registered a slight rise but the outlook remained pessimistic due to oversupply.

SHFE 1510 copper contract opened at RMB 39,270/mt last Friday night, and rose to RMB 39,510/mt, but then fell back to RMB 39,080/mt. The most active contract finally ended at RMB 39,240/mt, down by RMB 180/mt. Positions decreased 6,136, and trading volumes were around 150,000 lots.

SHFE 1510 copper contract may trade at RMB 39,200-39,800/mt on August 17. Spot copper will be quoted between a discount of RMB 50/mt and a premium of RMB 50/mt to SHFE 1508 copper contract.


LME copper prices
SHFE copper prices
Cu price
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data