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 Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / LME Copper to See Range-Bound Trading (2016-5-9)

LME Copper to See Range-Bound Trading (2016-5-9)

May 9, 2016 09:44

Source:SMM

LME copper should narrowly range USD 4,750-4,810/mt during Asian trading hours Monday.

SHANGHAI, May 9 (SMM) – LME copper should narrowly range USD 4,750-4,810/mt during Asian trading hours Monday.

China’s import data posted large month-on-month declines, a reflection of poor demand. SHFE 1607 copper will fluctuate between RMB 36,500-37,000/mt on May 9. Spot copper will be offered at discounts of RMB 30/mt and premiums of RMB 20/mt against SHFE 1605 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)

LME copper prices

SHFE copper price

Cu price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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 to Outperform LME Copper (2016-5-24)

SHFE 1607 copper should perform better than LME copper on May 24.

May 24, 2016 09:25

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

SMM Comments

LME Copper to Stay Weak (2016-5-16)

LME copper will remain weak and range USD 4,590-4,630/mt during Asian trading hours Monday due to negative economic figures from China.

May 16, 2016 09:36

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

SMM Insight

LME Copper to Face Pressure (2016-5-6)

LME copper should consolidate at USD 4,740-4,800/mt during Asian trading hours Friday.

May 6, 2016 09:33

SMM Comments

LME Copper to Inch Lower (2016-5-5)

LME copper should edge down to USD 4,830-4,880/mt during Asian trading hours Thursday.

May 5, 2016 09:35

SMM Comments

SHFE Copper Registers Losses (May 4, 2016)

SHFE 1607 copper started higher at RMB 37,680/mt overnight and dived to RMB 37,190/mt before closing the session at RMB 37,290/mt.

May 4, 2016 17:02

SMM Comments

SHFE Copper Trades Up (April 29, 2016)

SHFE 1606 copper started at RMB 37,250/mt overnight and moved higher to RMB 37,520/mt.

Apr 29, 2016 16:59

SMM Comments

SHFE Copper to Bounce back (2016-4-29)

SHFE 1606 copper will bounce back to RMB 37,100-37,600/mt on Apr. 29 with strengthening of crude oil and ferrous metal prices.

Apr 29, 2016 09:45

SMM Comments

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

LME Copper to See Range-Bound Trading (2016-5-9)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit