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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

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SMM survey shows China’s copper cathode output was 633,000 tonnes in July, down 3.21 per cent on a monthly basis, and off 4.67 per cent on a yearly basis.

Aug 7, 2017 18:17

SMM Insight Industry

China Copper Output to Grow in August YoY on Fewer Maintenance, SMM Predicts

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

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

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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

India Brass, Copper Scrap prices drop; Copper Futures settle up

India's major brass and copper scrap prices dropped on Monday, while copper futures prices at India's Multi Commodity Exchange finished up.

Mar 1, 2017 10:24

Industry

India Brass, Copper Scrap prices drop; Copper Futures settle up

India Brass, Copper Scrap prices decline; Copper Futures remain flat

India's major brass and copper scrap prices declined on Wednesday, while copper futures prices at India's Multi Commodity Exchange remained flat at Rs. 404.30 per kilogram.

Feb 17, 2017 14:28

Industry

India Brass, Copper Scrap prices decline; Copper Futures remain flat

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

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

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

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