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Home / Metal News / LME Copper to Remain at Lows (2016-5-23)

LME Copper to Remain at Lows (2016-5-23)

May 23, 2016 09:30

Source:SMM

LME copper will fluctuate at lows of USD 4,560-4,610/mt during Asian trading hours Monday.

SHANGHAI, May 23 (SMM) – LME copper will fluctuate at lows of USD 4,560-4,610/mt during Asian trading hours Monday.

SHFE 1607 copper will range RMB 34,900-35,300/mt on May 23 and spot copper will be offered at premiums of RMB30-70/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-23)

LME copper prices

SHFE copper price

cu prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME approved the listing of JNMCc Grade A copper brand, produced by Guangxi Jinchuan Non-Ferrous Metals on September 19.

Sep 20, 2017 11:57

Industry

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

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)

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

LME Copper to Strengthen (2016-9-30)

LME copper will range between USD 4,820-4,860/mt on Friday and SHFE 1611 copper is predicted to move at RMB 37,500-37,800/mt.

Sep 30, 2016 09:53

SMM Comments

SHFE Copper Ends Lower (2016-9-8)

SHFE 1611 copper started at RMB 36,640/mt and closed at RMB 36,570/mt, down RMB 90/mt with positions down 280.

Sep 8, 2016 17:28

SMM Comments

38% China Copper Smelters See Declines for Copper Prices This Week, SMM Survey

38% Chinese copper smelters expect LME copper to fall below USD 4,650/mt this week and SHFE 1608 copper to drop below RMB 36,000/mt.

Jun 28, 2016 10:30

SMM Comments

LME Copper to See Upward Correction (2016-6-22)

LME copper will face upward correction and range USD 4,650-4,700/mt during Asian trading hours Wednesday.

Jun 22, 2016 09:26

SMM Comments

LME Copper to Swing Widely (2016-6-3)

LME copper will widely range USD 4,580-4,620/mt during Asian trading hours Friday.

Jun 3, 2016 09:54

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 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

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LME Copper to Remain at Lows (2016-5-23)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025