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Home / Metal News / SHFE Copper Prices to Remain Weak (2015-11-23)

SHFE Copper Prices to Remain Weak (2015-11-23)

Nov 23, 2015 10:47

Source:SMM

LME copper should range between USD 4,520-4,570/mt during Asian trading hours Monday.

SHANGHAI, Nov. 23(SMM) – LME copper should range between USD 4,520-4,570/mt during Asian trading hours Monday.

See forecast for other base metals, please click: Base Metal Prices to See Bigger Volatility at Lows, SMM Says

SHFE 1601 copper is expected to fall to RMB 34,200-34,800/mt on Nov. 23 and spot copper will trade between discounts of RMB 60/mt and premiums of RMB 20/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-23)

LME copper prices

SHFE copper prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

LME copper started at USD 5,158/mt overnight and moved higher to USD 5,240/mt thanks to Chinese stock rally.

Oct 27, 2015 09:28

SMM Comments

SMM Copper Market Morning Review (2015-10-21)

LME copper opening at USD 5,203/mt on Tuesday and tested a low of USD 5,171/mt during Asian trading hours and later advanced to USD 5,243/mt.

Oct 21, 2015 09:45

SMM Comments

SHFE Copper Trades down 1.18% (Oct. 19, 2015)

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 Daily Review (2015-9-25)

SHFE 1512 copper shifted to the most active contract on Thursday night, to start lower at RMB 38,550/mt and then move higher to RMB 39,050/mt.

Sep 28, 2015 09:07

SMM Comments

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SHFE Copper Prices to Remain Weak (2015-11-23)

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