Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

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

For more information on how to access our research reports, please email service.en@smm.cn

The October CPI in the US due last week increased by 6.2% year-on-year, the biggest increase in 31 years, and up 0.9% month-on-month, the largest gain in four months.

Nov 15, 2021 14:47

Analysis

Copper Prices to Edge up amid Low Inventory

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

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

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

LME Copper to Move at Highs (2016-6-29)

LME copper will remain at highs of USD 4,780-4,840mt during Asian trading hours Wednesday.

Jun 29, 2016 09:32

SMM Comments

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

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

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

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