Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Copper to See Big Losses (2016-3-24)

LME Copper to See Big Losses (2016-3-24)

Mar 24, 2016 09:25

Source:SMM

LME copper should drop back to USD 4,950-4,995/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 24 (SMM) – LME copper should drop back to USD 4,950-4,995/mt during Asian trading hours Thursday.

US Fed announced that it may quicken rate hike pace as US unemployment rate fell below natural rate of unemployment. US dollar went up while crude oil prices plunged.

SHFE 1605 copper will range RMB 37,450-37,850/mt on Mar. 24 and spot discounts of RMB 100-160/mt are expected against SHFE 1604 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-24)

LME copper prices

SHFE copper prices

Cu price

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

For more information on how to access our research reports, please email service.en@smm.cn

Related news

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 Copper Posts Declines (Mar. 30, 2016)

SHFE 1605 copper once dipped to RMB 37,200/mt after starting at RMB 37,580/mt overnight.

Mar 30, 2016 16:19

SMM Comments

Jiangsu Nantong Posts Monthly Record of Copper Concentrate Imports in January 2016

The Port of Nantong of Jiangsu province recorded a single monthly high of copper concentrate imports in January 2016, js.xinhuanet.com reported.

Feb 19, 2016 09:45

Industry

LME Copper to Move in a Tight Range (2016-2-15)

LME copper is expected to narrowly range USD 4,450-4,510/mt on Monday.

Feb 15, 2016 10:30

SMM Comments

SHFE Copper Hits Over One-Month High (2016-2-4)

SHFE 1603 copper opened at RMB 36,040/mt on Thursday.

Feb 4, 2016 19:12

SMM Comments

SHFE Copper Ends with Losses (2016-1-25)

SHFE 1603 copper crashed through RMB 35,000/mt on short selling to RMB 34,920/mt on Monday.

Jan 25, 2016 18:13

SMM Comments

LME Copper to Trade in Tight Range (2016-1-25)

It remains to be seen whether the rally in crude oil prices will prove sustainable.

Jan 25, 2016 10:02

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

LME Copper to Sag Next Week

LME copper should drop to $4,470-4,630 yuan per tonne next week, and is likely to fall below $4,430 yuan per tonne, SMM foresees.

Jan 8, 2016 19:20

SMM Insight

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

LME Copper to See Big Losses (2016-3-24)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025