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Home / Metal News / LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

Dec 17, 2015 10:13

Source:SMM

LME copper should move between USD 4,560-4,620/mt during Asian trading hours Thursday.

SHANGHAI, Dec. 17 (SMM) – LME copper should move between USD 4,560-4,620/mt during Asian trading hours Thursday.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

SHFE 1602 copper will range RMB 35,300-35,800/mt on December 17. Given stable supply in China, spot copper should trade between discounts of RMB 70/mt and premiums of RMB 10/mt against SHFE-front month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

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

The October CPI in the US due last week increased by 6.2% year-on-year, the biggest increase in 31 years, and up 0.9% month-on-month, the largest gain in four months.

Nov 15, 2021 14:47

Analysis

Copper Prices to Edge up amid Low Inventory

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

Low season keeps downstream copper PMI below 50 in Jul

The low season weakened economic activity across downstream copper sectors in Jul, except for power and electronics

Jul 31, 2018 15:45

SMM Insight

Low season keeps downstream copper PMI below 50 in Jul

SHFE Copper Ends with Gains (2017-2-7)

SHFE 1703 copper started at RMB 46,830/mt and finally closed at RMB 46,850/mt, up RMB 250/mt.

Feb 7, 2017 16:19

SMM Comments

SHFE Copper Finishes Higher (2017-1-26)

SHFE 1703 copper opened at RMB 47,750/mt and finally closed at RMB 48,040/mt.

Jan 26, 2017 17:54

SMM Comments

Societe Generale Hikes Copper Price Forecast for Q1 and 2017

Societe Generale raised its forecast for copper prices from $5,000 per tonne to $5,500 per tonne in Q1 2017, and the forecast for 2017 was increased from $5,500 per tonne to $5,625 per tonne, accordin

Jan 26, 2017 09:24

Industry Reminder

Societe Generale Hikes Copper Price Forecast for Q1 and 2017

SHFE Copper to See Range-Bound Trading (2017-1-20)

LME copper is expected to move at USD 5,680-5,800/mt during Asian trading hours on Friday and SHFE 1703 copper will move at RMB 46,100-47,000/mt.

Jan 20, 2017 09:55

SMM Comments

SHFE Copper to See Range-Bound Trading (2017-1-20)

WBMS: Aluminum, Lead markets post deficit; Copper sees supply surplus

he World Bureau of Metal Statistics (WBMS) has published the Metals Balances Report for the first eleven months of the previous year.

Jan 19, 2017 17:42

Industry

WBMS: Aluminum, Lead markets post deficit; Copper sees supply surplus

North American copper scrap prices stay flat on Index on 18th Jan, 2017

The North American copper scrap prices remained unchanged on ScrapMonster Price Index as on January 18th, Wednesday.

Jan 19, 2017 15:13

Industry

North American copper scrap prices stay flat on Index on 18th Jan, 2017

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

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LME Copper Seeks for Direction after US Rate Hike (2015-12-17)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

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

CLNB 2025 (10th) China International New Energy Industry Expo