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Home / Metal News / LME Copper to Remain under Pressure (2016-5-25)

LME Copper to Remain under Pressure (2016-5-25)

May 25, 2016 09:20

Source:SMM

LME copper will meet resistance at the 5-day moving average and will fluctuate at USD 4,570-4,625/mt during Asian trading hours Wednesday.

SHANGHAI, May 25 (SMM) – LME copper will meet resistance at the 5-day moving average and will fluctuate at USD 4,570-4,625/mt during Asian trading hours Wednesday.

SHFE 1607 copper will range RMB 35,200-35,600/mt on May 25 and spot copper will be offered at premiums of RMB 40-90/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)

LME copper prices

SHFE copper price

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Sep 20, 2017 11:57

Industry

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SMM Comments

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

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Industry Reminder

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

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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.

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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.

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SMM Comments

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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 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

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LME Copper to Remain under Pressure (2016-5-25)

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo