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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 William Gu at williamgu@smm.cn

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China’s imports of copper ore and concentrate were up slightly in August on a monthly basis, according to China Customs.

Sep 8, 2017 13:42

SMM Insight

China Copper Ore Imports Edge up MoM in August

Copper Spot Premiums Fall Sharply in Shanghai on Selloffs, SMM Reports

Spot premiums of copper dropped rapidly on September 8 due to more supplies, SMM reports.

Sep 8, 2017 13:26

SMM Insight

Copper Spot Premiums Fall Sharply in Shanghai on Selloffs, SMM Reports

Will Rises in Copper Market Come to Halt? SMM Surveys

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

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

SMM Insight Industry

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

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 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 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

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

SMM Events & Webinars

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