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Home / Metal News / LME Copper to Move in a Tight Range (2016-7-5)

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

Jul 5, 2016 09:12

Source:SMM

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

SHANGHAI, Jul. 5 (SMM) – LME copper will narrowly range USD 4,870-4,920/mt during Asian trading hours Tuesday.

Crude oil prices posted declines due to plentiful supply with eyes on US inflation data.

SHFE 1608 copper will fluctuate between RMB 37,700-38,150/mt on Jul. 5. Spot copper in China will be offered at discounts of RMB 20 and premiums of RMB 40/mt against SHFE 1607 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-5)

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)

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

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

50% China Copper Smelters Expect Rises for Copper Prices This Week, SMM Survey

SMM survey shows that 50% Chinese copper smelters see LME copper to break through USD 4,950/mt this week and SHFE 1609 copper to grow above RMB 38,500/mt.

Jul 5, 2016 09:54

SMM Comments

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

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.

Jul 4, 2016 09:13

SMM Comments

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

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

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