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Home / Metal News / LME Copper to Fall Back (2016-3-9)

LME Copper to Fall Back (2016-3-9)

Mar 9, 2016 09:45

LME copper is expected to drop to USD 4,840-4,900/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 9 (SMM) – LME copper is expected to drop to USD 4,840-4,900/mt during Asian trading hours Wednesday.

SHFE 1605 copper will range RMB 36,800-37,200/mt on Mar. 9 and spot discounts of RMB 70-170/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-9)

LME copper prices

copper prices

Cu price

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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May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

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SHFE copper is expected to range at RMB 36,200-36,600/mt, supported by positive reading of China’s profits for industrial enterprisesin July.

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LME Copper to Underperform SHFE Copper Next Week, SMM Expects

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

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LME copper will consolidate at highs of USD 4,810-4,860mt during Asian trading hours Friday with growing sell-off pressure.

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SMM Comments

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

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SMM Comments

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LME copper will slide to USD 4,510-4,560/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil prices.

Jun 15, 2016 09:41

SMM Comments

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LME Copper to Fall Back (2016-3-9)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025