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Home / Metal News / Declines for LME Copper to Slow (2016-6-8)

Declines for LME Copper to Slow (2016-6-8)

Jun 8, 2016 09:44

Source:SMM

Declines in LME copper should narrow on Wednesday and LME copper will fluctuate between USD 4,565-4,610/mt.

SHANGHAI, Jun. 8 (SMM) – Declines in LME copper should narrow on Wednesday and LME copper will fluctuate between USD 4,565-4,610/mt.

LME copper inventories jumped for two days by 21% and this allows shorts to gather strength.

SHFE 1608 copper will fluctuate between RMB 35,100-35,350/mt on Jun. 8. Spot copper in China will be offered at premiums of RMB 120-160/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-8)

LME copper prices

SHFE copper prices

cu prices

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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 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

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

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 Copper to Get Support from Oil Prices (2016-5-12)

LME copper will range USD 4,680-4,720/mt during Asian trading hours Thursday.

May 12, 2016 09:36

SMM Comments

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Declines for LME Copper to Slow (2016-6-8)

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2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

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