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Home / Metal News / LME Copper to Stay Weak (2016-5-16)

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

May 16, 2016 09:36

Source:SMM

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.

SHANGHAI, May 16 (SMM) – 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.

SHFE 1607 copper will fluctuate between RMB 35,000-35,500/mt on May 16. Spot copper will be offered at premiums of RMB 50-100/mt against SHFE 1605 copper and at discounts of RMB 50-100/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-16)

LME copper prices

SHFE copper price

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Feb 8, 2017 17:57

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The metal prices are headed for the biggest monthly gain in almost a decade.

Nov 28, 2016 11:01

Industry

SHFE Copper Finishes with Gains (2016-9-30)

SHFE 1611 copper started at RMB 37,670/mt and ended at RMB 37,720/mt on Friday.

Sep 30, 2016 19:03

SMM Comments

SHFE Copper Closes Higher (2016-9-19)

HFE 1611 copper started higher at RMB 37,100/mt and ended at RMB 37,230/mt, up RMB 590/mt with positions down 12,166.

Sep 19, 2016 17:35

SMM Comments

SHFE Copper to Move Lower (2016-9-9)

LME copper is expected to range between USD 4,640~4,680/mt on Friday and SHFE 1611 copper will fluctuate at RMB 36,450~36,750/mt.

Sep 9, 2016 09:42

SMM Comments

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

LME copper should range between USD 4,615-4,655/mt on Monday and SHFE 1611 copper will move at RMB 36,350-36,700/mt.

Sep 5, 2016 09:56

SMM Comments

LME Copper to Seek Direction from US Non-Farm Result, SMM Says

LME copper will seek direction from US August non-farm payroll report in the coming week, SMM foresees.

Sep 2, 2016 19:33

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

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

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

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo