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Home / Metal News / LME Copper to See Upward Correction (2016-6-22)

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

Jun 22, 2016 09:26

Source:SMM

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

SHANGHAI, Jun. 22 (SMM) – LME copper will face upward correction and range USD 4,650-4,700/mt during Asian trading hours Wednesday.

Crude oil prices bounce back from lows, This, coupled with Brexit relief, will boost base metals prices.

SHFE 1608 copper will fluctuate between RMB 35,600-36,000/mt on Jun. 22. Spot copper in China will be offered at premiums of RMB 80-120/mt against SHFE 1607 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-22)

LME copper prices

SHFE copper prices

cu prices

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Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

Oct 31, 2017 13:24

Industry

Shanghai Spot Copper Price on October 31

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)

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 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 Remain at Lows (2016-5-23)

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

May 23, 2016 09:30

SMM Comments

LME Copper to See Weak Trading (2016-5-13)

LME copper will stay weak and range USD 4,620-4,660/mt during Asian trading hours Friday with growing positions.

May 13, 2016 09:14

SMM Comments

LME Copper to Stay Range-Bound (2016-5-11)

LME copper will narrowly range USD 4,660-4,710/mt during Asian trading hours Wednesday.

May 11, 2016 09:27

SMM Comments

Which Sector Will Become Main Copper Consumer in China in 2016?

The traditional peak demand period for copper is around the corner, and what’s the outlook for copper consumption in 2016? And which sector will become the outperformer in 2016?

Mar 23, 2016 15:21

SMM Insight

LME Copper to Move in a Tight Range (2016-3-1)

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

Mar 1, 2016 09:34

SMM Comments

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LME copper opened at USD 4,823/mt last Friday and dived to USD 4,787.5/mt before ending at USD 4,809.5/mt, down USD 31.5/mt or 0.65%.

Nov 16, 2015 10:05

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

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