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Home / Metal News / LME Copper Faces More Weakness (2015-12-18)

LME Copper Faces More Weakness (2015-12-18)

Dec 18, 2015 10:04

Source:SMM

LME copper should stay weak and move between USD 4,530-4,590/mt during Asian trading hours Friday.

SHANGHAI, Dec. 18 (SMM) – LME copper should stay weak and move between USD 4,530-4,590/mt during Asian trading hours Friday.

See forecast for other base metals, please click: Base Metal Prices to Weaken, with Eyes on China, SMM Says

SHFE 1602 copper is expected to range RMB 35,000-35,450/mt on Dec. 18 and cargo holders in China gradually lower spot prices and thus spot discounts of RMB 20-100/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-18)

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

SHFE 1706 copper opened lower at RMB 46,430/mt and closed at RMB 45,850/mt, down RMB 760/mt.

Apr 18, 2017 17:33

SMM Comments

SHFE Copper Finishes with Losses (2017-4-18)

LME Copper to See Range-Bound Trading (2017-4-13)

LME copper will trade at USD 5,600-5,650/mt on Thursday and SHFE 1706 copper will move at RMB 45,500-45,900/mt.

Apr 13, 2017 09:29

SMM Comments

LME Copper to See Range-Bound Trading (2017-4-13)

SHFE Copper Ends with Losses (2017-4-10)

SHFE 1705 copper opened at RMB 47,380/mt and closed at RMB 47,050/mt, down RMB 590/mt.

Apr 10, 2017 17:01

SMM Comments

SHFE Copper Ends with Losses (2017-4-10)

China Copper Cathode Output Goes Up in March, and to Decline in April, SMM Surveys

China’s copper cathode output expanded 1.18% MoM to 642,000 tonnes in March but dropped 0.47% YoY and that totaled at 1.91 million tonnes in the first three months of 2017, up 2.11% YoY.

Apr 10, 2017 10:48

SMM Insight

China Copper Cathode Output Goes Up in March, and to Decline in April, SMM Surveys

North American copper scrap prices record marginal decline on Index on 6th April, 2017

The North American copper scrap prices edged marginally lower on ScrapMonster Price Index as on April 6th, Thursday.

Apr 7, 2017 13:34

Industry

North American copper scrap prices record marginal decline on Index on 6th April, 2017

Peruvian Copper Output to Grow to 3.10 Mln tonnes by 2021

Peruvian Energy & Mines minister said the country will step up copper production, and by the year 2021, copper production will reach 3.10 million tonnes, wenhua.com reported.

Apr 6, 2017 09:57

Industry Reminder

Peruvian Copper Output to Grow to 3.10 Mln tonnes by 2021

LME Copper to See Range-Bound Trading (2017-3-31)

LME copper will trade at USD 5,860-5,910/mt on Friday and SHFE 1705 copper will move at RMB 47,450-47,850/mt.

Mar 31, 2017 09:32

SMM Comments

LME Copper to See Range-Bound Trading (2017-3-31)

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

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

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LME Copper Faces More Weakness (2015-12-18)

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