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Home / Metal News / LME Copper to Drift Higher (2016-7-4)

LME Copper to Drift Higher (2016-7-4)

Jul 4, 2016 09:13

Source:SMM

LME copper will grow to USD 4,865-4,925/mt during Asian trading hours Monday thanks to softer dollar and US improved manufacturing industry.

SHANGHAI, Jul. 4 (SMM) – LME copper will grow to USD 4,865-4,925/mt during Asian trading hours Monday thanks to softer dollar and US improved manufacturing industry.

SHFE 4608 copper will fluctuate between RMB 37,650-38,150/mt on Jul. 4. Spot copper in China will be offered at premiums of RMB 10-40/mt against SHFE 1607 copper.

LME copper prices

SHFE copper prices

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LME copper should move at highs of $ 4,720-4,900 per tonne in the coming week with positive technical indicators.

Sep 23, 2016 18:51

SMM Comments

LME Copper to Gather Strength Next Week, SMM Says

LME copper is forecast to gather strength to challenge the 20-day moving average in the coming week and will fluctuate between $ 4,620-4,730 per tonne

Sep 9, 2016 18:45

SMM Comments

LME Copper to Seek Direction from US Non-Farm Result, SMM Says

LME copper will seek direction from US August non-farm payroll report in the coming week, SMM foresees.

Sep 2, 2016 19:33

SMM Comments

LME Copper to Seek Direction from US Non-Farm Result, SMM Says

LME copper will seek direction from US August non-farm payroll report in the coming week, SMM foresees.

Sep 2, 2016 19:33

SMM Insight

33% China Copper Smelters Pessimistic over Copper Prices This Week, SMM Surveys

SMM survey shows 33% Chinese copper smelters see LME copper to fall below USD 4,750/mt this week and SHFE 1610 copper to drop below RMB 37,000/mt.

Aug 15, 2016 20:20

SMM Comments

LME Copper to Hover at Lows (2016-8-15)

LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

Aug 15, 2016 09:09

SMM Comments

LME Copper to Move in a Tight Range (2016-7-25)

LME copper will narrowly range USD 4,900-4,950/mt during Asian trading hours Monday.

Jul 25, 2016 09:23

SMM Comments

33% China Copper Smelters See Gains for Copper Prices This Week, SMM Survey

SMM survey indicates that 33% Chinese copper producers anticipate that LME copper will break through USD 4,780/mt this week and SHFE 1609 copper will grow above RMB 37,200/mt.

Jul 12, 2016 11:06

SMM Comments

LME Copper to Move in a Tight Range (2016-7-11)

LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

Jul 11, 2016 09:17

SMM Comments

LME Copper to Move in a Tight Range (2016-7-5)

LME copper will narrowly range USD 4,870-4,920/mt during Asian trading hours Tuesday.

Jul 5, 2016 09:12

SMM Comments

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LME Copper to Drift Higher (2016-7-4)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit