LME Copper to Fall Back (2016-6-15)

Published: Jun 15, 2016 09:41

Save

LME copper will slide to USD 4,510-4,560/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil prices.

SHANGHAI, Jun. 15 (SMM) – LME copper will slide to USD 4,510-4,560/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil prices.

SHFE 1608 copper will fluctuate between RMB 35,000-35,350/mt on Jun. 15. Spot copper in China will be offered at premiums of RMB 0-60/mt against SHFE 1606 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-15)

LME copper prices SHFE copper prices Cu price

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Data: SHFE, DCE market movement (Jun 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Jun , 2026

6 hours ago

7 hours ago

LME Drives SHFE Zinc Higher, But Upside Pressure Remains [SMM Zinc Futures Brief Comment]

[LME drives SHFE zinc higher but resistance still caps upside] The most-traded SHFE zinc 2607 contract opened at 24,700 yuan/mt. After opening, SHFE zinc quickly hit a high of 24,795 yuan/mt. Subsequently, bulls reduced positions, and SHFE zinc quickly fell to 24,585 yuan/mt. Then, bears reduced positions, and SHFE zinc pared back and recovered some of its losses. It ended up at 24,760 yuan/mt, up 130 yuan/mt, or 0.53%. Trading volume fell to 98,537 lots, and open interest decreased by 2,008 lots to 89,897 lots.....

7 hours ago

China’s inventory buildup continued and SHFE zinc center pulled back [SMM Zinc Review]

[China Inventory Buildup Continues SHFE Zinc Center Pulls Back] The most-traded SHFE zinc 2607 contract opened at 24,680 yuan/mt, with bulls cutting positions at the open, then swung wildly below the daily average line. During the session, it touched a high of 24,740 yuan/mt, and near the close dipped to a low of 24,555 yuan/mt, finally ending down at 24,630 yuan/mt, a decline of 65 yuan/mt or 0.26%. Trading volume rose to 68,195 lots, and open interest fell by 4,987 lots to 91,905 lots.....

7 hours ago