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Home / Metal News / LME Copper to Move in a Tight Range (2015-12-24)

LME Copper to Move in a Tight Range (2015-12-24)

Dec 24, 2015 09:44

Source:SMM

LME copper will narrowly range USD 4,660-4,725/mt during Asian trading hours Thursday.

SHANGHAI, Dec. 24 (SMM) – LME copper will narrowly range USD 4,660-4,725/mt during Asian trading hours Thursday.

See forecast for other base metals, please click: Base Metal Prices to Rise in Asian Trading Hours as LME closed, SMM Says

Market players close positions for pre-holiday risk aversion. SHFE 1602 copper will range RMB 36,000-36,400/mt on Dec. 24 and spot discounts of RMB 50-130/mt are expected against SHFE 1601 copper in China.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)

LME copper prices

SHFE copper prices

copper prices

Cu price

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The copper prices edged lower and moved between 69,000-70,500 yuan/mt last week.

Jan 10, 2022 16:35

Analysis

Copper Prices to Remain at the Current Level with Strong Support

Copper Prices are Under Pressure

SHFE copper prices trended lower last week, with the support at 68,500 yuan/mt for the most active contract. The market has priced in the COVID-19 variant in South Africa.

Dec 6, 2021 15:03

Analysis

What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

China has issued documents recently to control the coal market. The prices of thermal coal, coke and coking coal fell to a one-month low, triggering significant pessimism in the metal market.

Oct 28, 2021 17:41

Analysis

What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

UBS Raises Forecast for International Copper Prices

he investment bank UBS said that copper physical premiums in various places have risen, and copper stocks on global exchanges have fallen, especially in China, according to MiningWeekly.

Oct 26, 2021 16:51

Industry

UBS Raises Forecast for International Copper Prices

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

SHFE Copper to Keep Rising Momentum (2016-11-2)

LME copper is predicted to range between USD 4,870-4,915/mt during Asian trading hours on Wednesday and SHFE 1701 copper will move at RMB 38,700-39,150.

Nov 2, 2016 09:47

SMM Comments

LME Copper to Stabilize at Highs (2016-10-26)

LME copper should stabilize at USD 4,700-4,750/mt on Wednesday and SHFE 1612 copper will fluctuate between RMB 37,700-38,150/mt.

Oct 26, 2016 09:51

SMM Comments

Codelco’s 2017 Copper Premiums to Chinese and European Buyers to be Higher, SMM Expects

Three trading sources said Codelco has slashed its 2017 physical copper premiums to around $70 to Chinese buyers, and $80-85 per tonne to European buyers.

Oct 24, 2016 15:02

SMM Insight

SHFE Copper Ends Lower (2016-9-8)

SHFE 1611 copper started at RMB 36,640/mt and closed at RMB 36,570/mt, down RMB 90/mt with positions down 280.

Sep 8, 2016 17:28

SMM Comments

SHFE Copper Ends Higher (2016-9-2)

SHFE 1611 copper started higher at RMB 36,440/mt and ended at RMB 36,670/mt, up RMB 190/mt with positions up 13,792.

Sep 2, 2016 18:28

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LME Copper to Move in a Tight Range (2015-12-24)

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