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Home / Metal News / LME Copper Stays Range-Bound amid Cautious Sentiment (2015-12-15)

LME Copper Stays Range-Bound amid Cautious Sentiment (2015-12-15)

Dec 15, 2015 09:50

Source:SMM

LME copper will move between USD 4,655-4,705/mt during Asian trading hours Tuesday.

SHANGHAI, Dec. 15 (SMM) – LME copper will move between USD 4,655-4,705/mt during Asian trading hours Tuesday.

See forecast for other base metals, please click: Diverging Trends to Intensify in Base Metal Market, SMM Says

Market sentiment remains cautious ahead of US Fed’s interest rate meeting. SHFE 1602 copper should range RMB 35,900-36,250/mt on Dec. 15. In China’s spot market, spot discounts of RMB 70-150/mt are expected on the last trading day for SHFE 1512 copper.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-15)

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 15, 2021 14:47

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

Since the beginning of this year, the copper prices have continued to rise, reaching the highest level since May 2006 in May. The high copper prices have made relevant companies profitable.

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

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

SMM Comments

SHFE Copper Registers Losses on Position Opening by Shorts (Dec. 17, 2015)

During Wednesday night trading session, SHFE 1602 copper opened at RMB 35,460/mt and moved higher to RMB 35,740/mt in response to LME copper.

Dec 17, 2015 16:56

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LME Copper Stays Range-Bound amid Cautious Sentiment (2015-12-15)

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