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Home / Metal News / SHFE Copper to See Thin Trading as Holiday Nears (2016-2-3)

SHFE Copper to See Thin Trading as Holiday Nears (2016-2-3)

Feb 3, 2016 09:31

More investors will exit as the 2016 Chinese New Year holiday is just days away.

SHANGHAI, Feb. 3 (SMM) – More investors will exit as the 2016 Chinese New Year holiday is just days away.

SHFE 1604 copper should move at RMB 35,300-35,650/mt on Wednesday, and USD 4,525-4,560/mt for LME copper.

See forecast for other base metals, please click: Shanghai Trading to Wane Ahead of Holiday, SMM Says

In China’s spot copper market, spot discounts of RMB 130-200/mt are expected over SHFE 1602 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-3)

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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On last Friday’s night trading, the dollar was hit by several negative factors, and base metals were mixed, with nickel outperforming others.

Jul 17, 2017 09:24

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 17, 2017)

SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

Base metals weakened across the board on Wednesday’s night trading except aluminum, which got a boost from cut news in Xinjiang.

Jul 6, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

LME Tin to Hover at Highs (2017-7-3)

LME tin will hover around USD 20,000/mt today.

Jul 3, 2017 09:53

SMM Comments

Goldman Sachs Expect Copper Price to Keep Rising, and Bloomberg Survey Finds Analysts Bullish Too

Goldman Sachs said in its report on Thursday that copper price is expected to keep advancing in the short term.

Jun 30, 2017 10:16

Industry Reminder

Goldman Sachs Expect Copper Price to Keep Rising, and Bloomberg Survey Finds Analysts Bullish Too

Supply Concerns to Support Tin Price Gains, SMM Reports

Tin prices have been performing quite well recently and will remain firm on low stocks and expectations for tightening supply, despite a strong US dollar, SMM says.

Oct 25, 2016 16:30

SMM Insight

LME Copper to Strengthen (2016-9-30)

LME copper will range between USD 4,820-4,860/mt on Friday and SHFE 1611 copper is predicted to move at RMB 37,500-37,800/mt.

Sep 30, 2016 09:53

SMM Comments

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

LME Copper to Remain on Downward Track (2016-8-31)

LME copper is expected to move between USD 4,600-4,635/mt on Wednesday and SHFE 1610 copper to range at RMB 36,100-36,350/mt.

Aug 31, 2016 09:41

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 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

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SHFE Copper to See Thin Trading as Holiday Nears (2016-2-3)

SMM Events & Webinars

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

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit

CLNB 2026 - The 11th New Energy Industry Chain Expo