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

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Copper to Bounce Back (2016-3-17)

LME Copper to Bounce Back (2016-3-17)

Mar 17, 2016 09:45

Source:SMM

LME copper will rebound to USD 4,930-5,000/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 17 (SMM) – LME copper will rebound to USD 4,930-5,000/mt during Asian trading hours Thursday.

US Fed left its Federal fund rate unchanged in March overnight and lowered forecast for its rate hike, supporting commodity prices.

SHFE 1605 copper will hover between RMB 37,300-37,800/mt on Mar. 17 and spot discounts of RMB 150-200/mt are expected against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-17)

LME copper prices

SHFE 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

Related news

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

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

68% China Copper Smelters Expect Declines for Copper This Week, SMM Survey

SMM survey reveals that 68% Chinese copper producers see LME copper to fall below USD 4,700/mt this week and SHFE 1607 copper drop below RMB 35,600/mt.

May 10, 2016 10:49

SMM Comments

SHFE Copper to Post Small Gains (2016-3-25)

SHFE copper should grow marginally to RMB 37,400-37,800/mt on Mar. 25.

Mar 25, 2016 09:28

SMM Comments

SHFE Copper Ends with Slim Gains (2016-1-28)

SHFE 1603 copper opened at RMB 35,870/mt on Thursday.

Jan 28, 2016 21:07

SMM Comments

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

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.

Jan 20, 2016 09:32

SMM Comments

Ample Supply Allows Shanghai Spot Copper Discounts to Widen (2016-1-18)

Spot copper supply is sufficient in Chinese market and this will allow spot discounts to widen to RMB 160-220/mt on Jan. 18.

Jan 18, 2016 09:50

SMM Comments

Collections of Major Banks Views on Copper Price in 2016

In 2015, LME copper tumbled 25.38 percent, and the index of SHFE copper plunged 20.15 percent. After a tumbling 2015, how will copper market perform in 2016?

Jan 6, 2016 11:40

Industry

SMM Events & Webinars

All

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
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

LME Copper to Bounce Back (2016-3-17)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo