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Home / Metal News / LME Copper to Trade Higher on Short-Covering (2015-12-22)

LME Copper to Trade Higher on Short-Covering (2015-12-22)

Dec 22, 2015 09:29

Source:SMM

LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

SHANGHAI, Dec. 22 (SMM) – LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

See forecast for other base metals, please click:Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

SHFE 1602 copper will range RMB 36,000-36,700/mt on Dec. 22. In China’s spot market, cargo holders rush to sell for cash and thus spot discounts of RMB 30-120/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

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.

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LME Copper to Trade Higher on Short-Covering (2015-12-22)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025