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Home / Metal News / LME Copper Poised for Gains (2016-2-4)

LME Copper Poised for Gains (2016-2-4)

Feb 4, 2016 10:17

LME copper should rise to USD 4,610-4,660/mt on Thursday on rising crude oil prices.

SHANGHAI, Feb. 4 (SMM) –LME copper should rise to USD 4,610-4,660/mt on Thursday on rising crude oil prices.

SHFE 1604 copper should move at RMB 35,800-36,100/mt.

See forecast for other base metals, please click: Shanghai Base Metal Price to Keep Firm ahead of Holiday, SMM Says

In China’s spot copper market, spot discounts of RMB 150-50/mt are expected over SHFE 1602 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-4)

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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LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

Aug 26, 2016 20:10

SMM Insight

SHFE 1610 Copper Ends with Gains (2016-8-19)

On Thursday’s night trading, SHFE 1610 copper opened higher at RMB 37,480/mt.

Aug 19, 2016 18:55

SMM Comments

Base Metals Get Support from Falling Dollar, SMM Says

Base metal prices on the SHFE are expected to get a boost from weak dollar on Thursday, Shanghai Metals Market foresees.

Aug 18, 2016 09:23

Industry

SHFE Tin to Hold Firm (2016-8-17)

Market will eye minutes of the US Fed’s latest policy meeting. LME tin will test support at USD 18,000/mt.

Aug 17, 2016 09:17

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

SHFE Tin to Remain under Downward Pressure (2016-8-4)

It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.

Aug 4, 2016 09:35

SMM Comments

SHFE Aluminum to Face Short Selling (2016-7-22)

SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.

Jul 22, 2016 09:37

SMM Comments

SHFE Tin to Face Downward Pressure (2016-7-6)

SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.

Jul 6, 2016 09:20

SMM Comments

SHFE Tin to Face Downward Corrections (2016-7-4)

US market is closed today for the Independence Day.

Jul 4, 2016 09:27

SMM Comments

LME Copper to Drift Higher (2016-7-4)

LME copper will grow to USD 4,865-4,925/mt during Asian trading hours Monday thanks to softer dollar and US improved manufacturing industry.

Jul 4, 2016 09:13

SMM Comments

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LME Copper Poised for Gains (2016-2-4)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025