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Home / Metal News / LME Copper to Trade at USD 4,880-4,950/mt (2016-4-20)

LME Copper to Trade at USD 4,880-4,950/mt (2016-4-20)

Apr 20, 2016 09:34

Source:SMM

Copper market advanced with falling dollar and rising oil overnight.

SHANGHAI, Apr. 20 (SMM) – Copper market advanced with falling dollar and rising oil overnight.

On Wednesday, SMM expects LME copper to trade in the USD 4,880-4,950/mt range, and the most actively-traded copper contract on the SHFE will range between RMB 37,200-37,700/mt, with spot discounts between RMB 150-80/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-20)

copper price

copper price forecast

LME copper price

SHFE copper price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

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As of closing time at Asian daily trading hours on July 28, SHFE 1709 copper advanced by 3.61 per cent or 1,740 yuan per tonne, with prices mainly trading between 47,720-50,730 yuan per tonne.

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Mar 15, 2017 10:30

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Dec 23, 2016 10:30

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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

SHFE Copper Trades Lower (May 18, 2016)

SHFE 1607 copper started at RMB 35,700/mt overnight and once dived to RMB 35,480/mt. The red metal rebounded to RMB 35,940/mt before closing the session at RMB 35,780/mt.

May 18, 2016 16:45

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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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LME Copper to Trade at USD 4,880-4,950/mt (2016-4-20)

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