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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

SHANGHAI, Feb 9 - The average daily spot price of SMM1# copper was 71,070 yuan/mt on the first day after the Spring Festival, an increase of 570 yuan/mt from January 28, and the closing price of SHFE copper was 70,430 yuan/mt, an increase of 140 yuan/mt.

Feb 9, 2022 14:24

SMM Comments SMM Insight

Low Inventories Will Support Copper Prices Amid Diverging Macro Signals in China and Overseas

Chinese Smelters to Increase Exports as Short Squeeze Pushed LME Copper Prices Higher

As Europe’s largest refined zinc producer Nyrstar decided to cut output in the fourth quarter due to the soaring electricity prices in Europe and the significant increase in carbon emissions-related costs, the market concerns of inflation caused by the global energy crisis has risen sharply. And the sharp growth in the cost of industrial products will gradually be passed onto the prices.

Oct 28, 2021 16:03

Analysis

Chinese Smelters to Increase Exports as Short Squeeze Pushed LME Copper Prices Higher

LME Copper to See Range-Bound Trading (2016-12-9)

LME copper is predicted to range between USD 5,750-5,850/mt during Asian trading hours on Friday and SHFE 1702 copper will move at RMB 46,500-47,500/mt.

Dec 9, 2016 09:51

SMM Comments

SHFE Copper Ends with Gains (2016-12-5)

SHFE 1702 copper opened at RMB 46,650/mt and finally closed at RMB 47,360/mt, up RMB 710/mt.

Dec 5, 2016 19:36

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-12-5)

Market investors will likely pay more attention to Eurozone among various economic data and news this week.

Dec 5, 2016 10:12

SMM Comments

LME Copper to See Range-Bound Trading (2016-11-25)

LME copper is expected to move at USD 5,850-5,930/mt during Asian trading hours on Friday and SHFE 1701 copper will move between RMB 48,200-48,800/mt.

Nov 25, 2016 09:36

SMM Comments

SHFE Copper to Strengthen (2016-11-22)

LME copper is expected to range between USD 5,490-5,565/mt during Asian trading hours on Tuesday and SHFE 1701 copper will move at RMB 44,700-45,400/mt.

Nov 22, 2016 09:44

SMM Comments

Macquarie Hikes Copper Price Forecast for 2017

Macquarie Bank raised its forecast of copper price to $5,350 per tonne in 2017, compared to $4,563 per tonne expected previously, according to wenhua.com.

Nov 14, 2016 11:01

Industry Reminder

Macquarie Hikes Copper Price Forecast for 2017

SHFE Copper Closes Higher (2016-11-9)

SHFE 1701 copper started at RMB 41,850/mt and finally closed at RMB 41,600/mt.

Nov 9, 2016 16:09

SMM Comments

LME Copper to See Range-Bound Trading (2016-11-7)

LME copper should fluctuate between USD 4,950-5,000/mt during Asian trading hours on Monday and SHFE 1701 copper will range at RMB 39,150-39,600/mt.

Nov 7, 2016 09:52

SMM Comments

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

SMM Events & Webinars

APAC TIN INDUSTRY CONFERENCE 2024

APAC (9th) Stainless Steel Industry Conference 2024

2024 SMM Middle East Secondary Metal Filed Trip