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

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Copper to Test Higher (2016-4-21)

LME Copper to Test Higher (2016-4-21)

Apr 21, 2016 11:02

Source:SMM

Oil price lurched higher with positive US oil data, showing a 6-week decline in output. This, combined with US’s better-than-expected existing home sales and rising equities, pushed up LME copper.

SHANGHAI, Apr. 21 (SMM) – Oil price lurched higher with positive US oil data, showing a 6-week decline in output. This, combined with US’s better-than-expected existing home sales and rising equities, pushed up LME copper.

On Thursday, LME nickel is expected to trade at USD 4,935-4,985/mt, and SHFE most actively-traded contract will move between RMB 37,300-37,700/mt, with spot discounts at RMB 170-120/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-21)

copper price

LME copper price

SHFE copper price

copper price forecast

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

For more information on how to access our research reports, please email service.en@smm.cn

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.

Jul 28, 2017 19:33

SMM Insight Industry

Will Rises in Copper Market Come to Halt? SMM Surveys

What’s Outlook for Copper Price This Week? SMM Surveys

Last week, LME copper fell at first, and then rallied, and SHFE 1709 copper, following LME copper, dropped in early week, but then advanced with position opening by longs.

Jul 17, 2017 09:57

SMM Insight Industry

What’s Outlook for Copper Price This Week? SMM Surveys

Chile Raises Copper Price Forecast for 2017

Rodrigo Valdes, Chile’s Finance Minister, said the Ministry raised the average copper price forecast from $2.20 to $2.50 per pound.

Jul 11, 2017 15:57

Industry

Chile Raises Copper Price Forecast for 2017

Xi'an Metro Cable Scandal to Accelerate Sector Shuffling, SMM Reports

A nationwide inspection of companies producing electric wire&cable came in the wake of reports on substandard cables used in Xi'an subway sparked.

Apr 26, 2017 11:15

SMM Insight Industry

Xi'an Metro Cable Scandal to Accelerate Sector Shuffling, SMM Reports

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

India Brass, Copper Scrap prices climb; Copper Futures edge up

India major brass and copper scrap prices climbed on Monday.

Jan 3, 2017 19:17

Industry

India Brass, Copper Scrap prices climb; Copper Futures edge up

North American copper scrap prices record marginal rise on 21st Nov. 2016

The North American copper scrap prices climbed higher marginally on ScrapMonster Price Index as on November 21st, Monday.

Nov 22, 2016 15:33

Industry

Utilization Rate Grows at Chinese Copper Tube/Pipe Producers in October

Utilization rate at major Chinese copper tube/pipe producers grew to 72.70 per cent in October, SMM latest survey shows.

Nov 14, 2016 11:49

SMM Insight Industry

SMM Summit 2016: China Copper Consumption Beats Forecast in 2016

China’s copper consumption grew by 2.8 per cent in 2016, high than market expectation, SMM copper analyst said at SMM 2016 China Metals Summit (CMS) in Shanghai from Nov. 10-11.

Nov 11, 2016 15:02

SMM Insight Industry

SMM Summit 2016: China Copper Consumption Beats Forecast in 2016

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

LME Copper to Test Higher (2016-4-21)

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo