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Home / Metal News / LME Copper Remains Range-Bound (2015-12-10)

LME Copper Remains Range-Bound (2015-12-10)

Dec 10, 2015 09:52

LME copper will be offered at USD 4,580-4,610/mt during Asian trading hours Thursday.

SHANGHAI, Dec. 10 (SMM) – LME copper will be offered at USD 4,580-4,610/mt during Asian trading hours Thursday.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise on Positive News, SMM Says

Attention should be paid to stockpiling of other metals. SHFE 1602 copper is expected to move between RMB 34,750-35,150/mt on Dec. 10 and in China’s spot market, cargo holders are unwilling to sell at widely expanded discounts. Thus, spot copper will trade between discounts of RMB 30/mt and premiums of RMB 20/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-10)

LME copper prices

SHFE copper prices

copper prices

Cu price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

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Aug 29, 2016 10:23

SMM Comments

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LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

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SMM Comments

LME Copper to Consolidate at Highs (2016-7-1)

LME copper will consolidate at highs of USD 4,810-4,860mt during Asian trading hours Friday with growing sell-off pressure.

Jul 1, 2016 09:32

SMM Comments

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

Jun 29, 2016 09:32

SMM Comments

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LME copper will slide to USD 4,510-4,560/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil prices.

Jun 15, 2016 09:41

SMM Comments

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LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

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LME Copper Remains Range-Bound (2015-12-10)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025