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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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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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May Copper Price Forecast: Futures Decline this Week

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May 11, 2016 17:28

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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.

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

SMM Events & Webinars

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