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Home / Metal News / SHFE Copper to Drifter Lower (2016-1-26)

SHFE Copper to Drifter Lower (2016-1-26)

Jan 26, 2016 09:41

SHFE 1603 copper should move down to RMB 34,750-35,050/mt Tuesday.

SHANGHAI, Jan. 26 (SMM) – SHFE 1603 copper should move down to RMB 34,750-35,050/mt Tuesday.

LME copper should move between USD 4,400-4,450/mt on Tuesday.

See forecast for other base metals, please click: Market Caution to Leave Range-Bound Trading, SMM Says

In China’s spot copper market, cheap goods will be reported. Spot discounts of RMB 120-200/mt are expected over SHFE 1602 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-26)

SHFE copper prices

copper prices

Cu price

base metal price forecast

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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Base metals mostly finished higher in overnight trading, but price divergence and big resistance at the upper hand were obvious during the trading.

May 18, 2017 09:21

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (May 18, 2017)

LME Copper to Rise Slightly (2016-9-7)

LME copper is expected to move at USD 4,630-4,670/mt on Wednesday and SHFE 1611 copper will range between RMB 36,450-36,750/mt.

Sep 7, 2016 09:31

SMM Comments

Will Copper Fall Further after Current Dip? SMM Reports

LME copper registered a 3.8% drop during August 22-24 as LME copper inventories grew 44,075 tonnes.

Aug 25, 2016 13:55

SMM Insight

LME Tin to Perform Better than SHFE Tin (2016-8-25)

LME tin will rise to USD 19,200/mt if it finds holds onto USD 18,600/mt mark.

Aug 25, 2016 09:40

SMM Comments

SHFE Copper Trades Down (2016-8-15)

SHFE 1610 copper opened lower at RMB 37,230/mt for night trading last Friday.

Aug 15, 2016 17:22

SMM Comments

SHFE Copper Closes Lower (2016-8-4)

SHFE 1610 copper opened lower at RMB 37,710/mt overnight and then dived to RMB 48,450/mt with shorts gathering strength.

Aug 4, 2016 17:17

SMM Comments

LME Copper to Swing Widely Next Week, SMM Says

LME and SHFE copper will both trade in a wide band next week as positive and negative factors intertwine, SMM says.

Jul 30, 2016 12:24

SMM Insight

LME Copper Set for Gains (2016-6-14)

LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

Jun 14, 2016 09:47

SMM Comments

SHFE Copper to Outperform LME Copper (2016-5-24)

SHFE 1607 copper should perform better than LME copper on May 24.

May 24, 2016 09:25

SMM Comments

SHFE Tin still under Downward Pressure (2016-5-24)

SHFE 1609 tin moved lower after a low opening during Monday’s night session.

May 24, 2016 09:25

SMM Comments

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SHFE Copper to Drifter Lower (2016-1-26)

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SMM AFRICA CRITICAL MINERALS SEMINAR 2026

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

NET ZERO MEA Solar & Energy Storage Summit