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

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Tumbling Oil Price to Weigh Down Copper Market (2016-4-18)

Tumbling Oil Price to Weigh Down Copper Market (2016-4-18)

Apr 18, 2016 09:28

Source:SMM

Oil price is tumbling with no agreement in Doha’s meeting, and this will weigh down copper market, SMM predicts.

SHANGHAI, Apr. 18 (SMM) – Oil price is tumbling with no agreement in Doha’s meeting, and this will weigh down copper market, SMM predicts.

On Monday, LME copper is expected to trade between USD 4,740-4,790/mt, and SHFE most actively-traded copper will trade in the RMB 36,550-37,000/mt range, with spot discounts between RMB 130-70/mt, SMM estimates.

copper price

LME copper price

SHFE copper 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

A large number of copper rod plants, using copper scrap as raw matrial, have suspended production in Jiangxi and Anhui due to fake VAT invoices, Shanghai Metals Market learns.

Jul 28, 2017 16:32

SMM Insight Industry

Many Scrap Copper Rod Plants Close in Jiangxi and Anhui for Fake Invoice, SMM Reports

India Brass, Copper Scrap prices gain; Copper Futures settle down

India major brass and copper scrap prices gained on Monday, while copper futures prices at India's Multi Commodity Exchange settled down amid encouraging trade signals out of Asia.

Apr 5, 2017 09:47

Industry

India Brass, Copper Scrap prices gain; Copper Futures settle down

Why Chinese Imports of Unwrought Copper and Copper Semis Drop both on Monthly and Yearly Basis in January 2017? SMM Reports

China imported 380,000 tonnes of unwrought copper and copper semis in January 2017, down 22.45 percent month-on-month, and 14 percent year-on-year, according to China Customs.

Feb 14, 2017 09:41

SMM Insight Industry

Why Chinese Imports of Unwrought Copper and Copper Semis Drop both on Monthly and Yearly Basis in January 2017? SMM Reports

Copper Inventories in China Bonded Area Hold Stable

China’s copper inventories in bonded area held stable in the week ending Nov. 25, SMM learns.

Nov 25, 2016 19:27

SMM Insight Industry

Copper Inventories in China Bonded Area Hold Stable

SHFE Copper Ends with Losses (2016-9-1)

SHFE 1610 copper started higher at RMB 36,360/mt and ended at RMB 36,530/mt, up RMB 250/mt with positions down 16,964.

Sep 1, 2016 17:37

SMM Comments

LME Copper to Move in a Tight Range (2016-8-26)

LME copper should fluctuate between USD 4,625-4,665/mt on Friday and SHFE 1610 copper will range between RMB 36,100-36,600/mt. Spot prices are expected to trade at premium of RMB 0-50/mt.

Aug 26, 2016 10:13

SMM Comments

31% China Copper Smelters Expect Falls for Copper Prices This Week, SMM Survey

31% Chinese copper smelters see LME copper to fall below USD 4,550/mt this week and SHFE 1607 lead to drop below RMB 35,000/mt.

May 24, 2016 09:42

SMM Comments

LME and SHFE Copper to Look for Price Floor Next Week, SMM Expects

Copper prices will head for further declines next week, SMM foresees.

May 14, 2016 14:01

SMM Insight

May Copper Price Forecast: Futures Decline this Week

Disappointing trade data from China caused copper futures to fall 2.2% this week, contributing to an overall downward trajectory for futures this month.

May 11, 2016 17:28

Industry

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

SMM Events & Webinars

All

Nov
05
- APAC (9th) Stainless Steel Industry Conference 2024
  Nov 05 - 07,2024
  Fujian, China
Oct
29
- APAC TIN INDUSTRY CONFERENCE 2024
  Oct 29 - 30,2024
  Shenzhen·Guangdong·China
Oct
24
- 2024 GLOBAL BATTERY RECYCLING CONFERENCE
  Oct 24 - 25,2024
  Batteries, as key energy storage devices, are gradually becoming an indispensable part of daily life.
  To Be Determined

Tumbling Oil Price to Weigh Down Copper Market (2016-4-18)

SMM Events & Webinars

APAC (9th) Stainless Steel Industry Conference 2024

APAC TIN INDUSTRY CONFERENCE 2024

2024 GLOBAL BATTERY RECYCLING CONFERENCE