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Home / Metal News / SHFE Copper to Swing Widely (2016-5-18)

SHFE Copper to Swing Widely (2016-5-18)

May 18, 2016 09:21

Source:SMM

SHFE 1607 copper will widely range RMB 35,600-36,000/mt on May 18 with volatile crude oil prices and US dollar index.

SHANGHAI, May 18 (SMM) – SHFE 1607 copper will widely range RMB 35,600-36,000/mt on May 18 with volatile crude oil prices and US dollar index.

LME copper will range USD 4,630-4,680/mt during Asian trading hours Wednesday. Spot copper will be offered at discounts of RMB 20-70/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-18)

SHFE copper price

LME copper prices

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Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

Oct 31, 2017 13:24

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SHFE 1709 copper opened at RMB 46,890/mt today and then hovered around RMB 46,821/mt.

Jul 6, 2017 19:41

SMM Comments

SHFE 1709 Copper Rallies at End of Trading (2017-7-6)

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 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

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SHFE Copper to Swing Widely (2016-5-18)

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