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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

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50% Chinese copper smelters surveyed by SMM see LME copper to fall below USD 4,750/mt this week and SHFE 1610 copper to drop below RMB 37,000/mt.

Aug 23, 2016 10:31

SMM Comments

LME Copper to Hover at Lows (2016-8-15)

LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

Aug 15, 2016 09:09

SMM Comments

Will Rising LME Copper Inventories Put Brakes on Copper Gains? SMM Reports

In early June, copper prices tumbled with rising LME copper inventories, and will the recent growth in LME copper inventories trigger stop the rising momentum on the copper market?

Jul 7, 2016 16:04

SMM Insight

LME Copper to Hold Strong (2016-6-21)

LME copper will remain firm and range USD 4,610-4,660/mt during Asian trading hours Tuesday.

Jun 21, 2016 09:22

SMM Comments

LME Copper to Ease from Weaker Dollar (2016-6-20)

LME copper will range USD 4,540-4,585/mt during Asian trading hours Monday.

Jun 20, 2016 09:48

SMM Comments

LME Copper to Enter Downward Track (2016-6-17)

LME copper will fall back to USD 4,525-4,585/mt during Asian trading hours Friday.

Jun 17, 2016 09:25

SMM Comments

LME Copper to Lack Rising Momentum (2016-5-31)

LME copper will see weak trading and range USD 4,650-4,690/mt during Asian trading hours Tuesday.

May 31, 2016 10:00

SMM Comments

SHFE Copper Suffers a Loss of RMB 520/mt (Dec. 16, 2015)

SHFE 1602 copper moved around RMB 35,550/mt after opening Tuesday evening session at RMB 35,450/mt.

Dec 16, 2015 16:34

SMM Comments

Zinc Stockpiling Meeting Result to Guide SHFE Copper (2015-12-11)

SHFE 1602 copper is expected to move between RMB 34,800-35,150/mt on Dec. 11 with eyes on the zinc stockpiling meeting.

Dec 11, 2015 10:02

SMM Comments

SHFE Copper Suffers a Loss of RMB 300/mt (Nov. 18, 2015)

SHFE 1601 copper started at RMB 35,300/mt for night trading Tuesday and advanced to RMB 35,370/mt due to exit of shorts.

Nov 18, 2015 16:44

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

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