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Home / Metal News / SHFE Copper to Outperform LME Copper (2016-5-24)

SHFE Copper to Outperform LME Copper (2016-5-24)

May 24, 2016 09:25

Source:SMM

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

SHANGHAI, May 24 (SMM) – SHFE 1607 copper should perform better than LME copper on May 24.

LME copper will fluctuate at USD 4,540-4,580/mt during Asian trading hours Tuesday. SHFE 1607 copper will range RMB 34,950-35,350/mt on May 24 and spot copper will be offered at premiums of RMB30-70/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-24)

LME copper prices

SHFE copper price

Cu price

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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

LME Copper Set for Gains (2016-6-14)

LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

Jun 14, 2016 09:47

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

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

SHFE Copper Gains 0.89% (May 12, 2016)

SHFE 1607 copper started at RMB 36,080/mt overnight and closed the session at RMB 35,910/mt, down RMB 10/mt.

May 12, 2016 16:41

SMM Comments

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SHFE Copper to Outperform LME Copper (2016-5-24)

SMM Events & Webinars

2025 (20th) SMM Copper Industry Conference and Expo

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR