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Home / Metal News / Ample Supply Allows Shanghai Spot Copper Discounts to Widen (2016-1-18)

Ample Supply Allows Shanghai Spot Copper Discounts to Widen (2016-1-18)

Jan 18, 2016 09:50

Source:SMM

Spot copper supply is sufficient in Chinese market and this will allow spot discounts to widen to RMB 160-220/mt on Jan. 18.

SHANGHAI Jan. 18 (SMM) – Spot copper supply is sufficient in Chinese market and this will allow spot discounts to widen to RMB 160-220/mt on Jan. 18.

See forecast for other base metals, please click:Price Pattern of Stronger Shanghai Prices to Change, SMM Says

Attention is turning to economic figures from China and movement of Chinese yuan. LME copper should move between USD 4,315-4,360/mt during Asian trading hours Monday and SHFE 1603 copper will range RMB 34,200-34,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-18)

spot 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

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Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

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

North American Copper Scrap Prices Held Steady on Index on Sep. 6th

The North American copper scrap prices remained flat on September 6th, Tuesday.

Sep 7, 2016 13:57

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

SMM Insight

SHFE Copper Closes with Gains (Jun. 27 , 2016)

During last Friday’s night session, SHFE 1608 copper opened higher at RMB 36,120/mt and advanced to RMB 36,460/mt.

Jun 27, 2016 18:29

SMM Comments

SHFE Copper Closes up (Jun. 16, 2016)

Overnight, SHFE 1608 copper gapped higher at RMB 35,890/mt and ended at RMB 35,740/mt, up RMB 570/mt. Positions were down 14,036.

Jun 16, 2016 16:51

SMM Comments

Copper Prices Unable to Find Traction as They Hit a 2-Month Low

Improvements in commodity markets made copper prices hold above the lows recorded in January but investors are not yet excited enough to trigger a bull run in copper prices.

May 20, 2016 15:17

Industry

68% China Copper Smelters Expect Declines for Copper This Week, SMM Survey

SMM survey reveals that 68% Chinese copper producers see LME copper to fall below USD 4,700/mt this week and SHFE 1607 copper drop below RMB 35,600/mt.

May 10, 2016 10:49

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Ample Supply Allows Shanghai Spot Copper Discounts to Widen (2016-1-18)

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