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Home / Metal News / LME Copper to Move at Lows (2016-7-28)

LME Copper to Move at Lows (2016-7-28)

Jul 28, 2016 09:31

LME copper will move at lows of USD 4,840-4,89/mt during Asian trading hours Thursday.

SHANGHAI, Jul. 28 (SMM) – LME copper will move at lows of USD 4,840-4,89/mt during Asian trading hours Thursday.

US housing data and manufacturing data are upbeat, which will boost market confidence.

SHFE 1609 copper will fluctuate between RMB 37,300-37,750/mt on Jul. 28. Spot copper in China will be offered at discounts of RMB 20/mt and premiums of RMB 40/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-28)

LME copper prices

SHFE copper prices

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

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LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

Aug 26, 2016 20:10

SMM Insight

SHFE 1610 Copper Ends with Gains (2016-8-19)

On Thursday’s night trading, SHFE 1610 copper opened higher at RMB 37,480/mt.

Aug 19, 2016 18:55

SMM Comments

SHFE Copper Closes Lower (2016-8-4)

SHFE 1610 copper opened lower at RMB 37,710/mt overnight and then dived to RMB 48,450/mt with shorts gathering strength.

Aug 4, 2016 17:17

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

LME Copper to Consolidate at Highs (2016-7-1)

LME copper will consolidate at highs of USD 4,810-4,860mt during Asian trading hours Friday with growing sell-off pressure.

Jul 1, 2016 09:32

SMM Comments

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

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.

Jun 15, 2016 09:41

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 Move in a Tight Range (2016-2-15)

LME copper is expected to narrowly range USD 4,450-4,510/mt on Monday.

Feb 15, 2016 10:30

SMM Comments

LME Copper to Sag Next Week

LME copper should drop to $4,470-4,630 yuan per tonne next week, and is likely to fall below $4,430 yuan per tonne, SMM foresees.

Jan 8, 2016 19:20

SMM Insight

LME Copper to Trade Higher on Short-Covering (2015-12-22)

LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

Dec 22, 2015 09:29

SMM Comments

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LME Copper to Move at Lows (2016-7-28)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON