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Home / Metal News / LME Copper to Fall from High (2016-1-20)

LME Copper to Fall from High (2016-1-20)

Jan 20, 2016 09:32

Source:SMM

LME copper is forecast to drop to USD 4,365-4,415/mt during Asian trading hours Wednesday give the back of worries about crude oil and global economy.

SHANGHAI Jan. 20 (SMM) – LME copper is forecast to drop to USD 4,365-4,415/mt during Asian trading hours Wednesday give the back of worries about crude oil and global economy.

See forecast for other base metals, please click: Shanghai Market to See Diverging Trends, SMM Says

SHFE 1603 copper will range RMB 34,950-35,350/mt on Jan. 20 and spot discounts of RMB 150-300/mt are expected against SHFE 1602 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-20)

SHFE copper prices

LME copper prices

copper prices

Cu price

For queries, please contact William Gu at williamgu@smm.cn

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Analysis

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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 to Fall from High (2016-1-20)

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