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Home / Metal News / LME Copper Faces Weakness (2015-12-8)

LME Copper Faces Weakness (2015-12-8)

Dec 8, 2015 09:49

Source:SMM

LME copper will stay weak at USD 4,540-4,580/mt during Asian trading hours Tuesday given falling crude oil prices and China’s disappointing data.

SHANGHAI, Dec. 8 (SMM) – LME copper will stay weak at USD 4,540-4,580/mt during Asian trading hours Tuesday given falling crude oil prices and China’s disappointing data.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Stay Weak, SMM Says

SHFE 1602 copper should range between RMB 34,650-35,950/mt on Dec. 8 and spot discounts of RMB 0-50/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-8)

LME copper prices

SHFE copper prices

copper prices

Cu price

For queries, please contact William Gu at williamgu@smm.cn

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

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Nov 4, 2021 17:32

Analysis

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

LME Copper to Move Lower (2016-9-14)

LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

Sep 14, 2016 09:48

SMM Comments

North American Copper Scrap Prices Held Steady on Index on Sep. 6th

The North American copper scrap prices remained flat on September 6th, Tuesday.

Sep 7, 2016 13:57

SMM Comments

SHFE Copper Ends with Losses (2016-8-23)

SHFE 1610 copper started at RMB 37,100/mt and then advanced to RMB 37,180/mt before closing at RMB 37,120/mt, down RMB 130/mt.

Aug 23, 2016 17:12

SMM Comments

What Factor behind Surge in LME Copper Inventories, and What Impact on Copper Prices? SMM Reports

LME copper inventories soared by 18,750 tonnes or 8.9 per cent to 229,375 tonnes on Aug. 22, the biggest increase since Jul. 6. The surge triggered market worries over copper consumption.

Aug 23, 2016 11:18

SMM Insight

LME Copper to Move at Highs (2016-6-29)

LME copper will remain at highs of USD 4,780-4,840mt during Asian trading hours Wednesday.

Jun 29, 2016 09:32

SMM Comments

Copper Prices Unable to Find Traction as They Hit a 2-Month Low

Improvements in commodity markets made copper prices hold above the lows recorded in January but investors are not yet excited enough to trigger a bull run in copper prices.

May 20, 2016 15:17

Industry

68% China Copper Smelters Expect Declines for Copper This Week, SMM Survey

SMM survey reveals that 68% Chinese copper producers see LME copper to fall below USD 4,700/mt this week and SHFE 1607 copper drop below RMB 35,600/mt.

May 10, 2016 10:49

SMM Comments

LME Copper to See Range-Bound Trading on Dollar and Oil Factors (2016-4-14)

On Thursday, oil and dollar factors will leave LME copper in range-bound trading, SMM predicts.

Apr 14, 2016 09:37

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LME Copper Faces Weakness (2015-12-8)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo