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Home / Metal News / LME Copper to Stay Range-Bound (2016-8-1)

LME Copper to Stay Range-Bound (2016-8-1)

Aug 1, 2016 09:13

Source:SMM

LME copper will narrowly range USD 4,885-4,935/mt during Asian trading hours Monday.

SHANGHAI, Aug. 1 (SMM) – LME copper will narrowly range USD 4,885-4,935/mt during Asian trading hours Monday.

US dollar was dragged down by negative reading of US Q2 GDP and markets expect US July ISM manufacturing PMI to be disappointing.

SHFE 1609 copper will fluctuate between RMB 37,500-38,000/mt on Aug. 1. Spot copper in China will be offered at discounts of RMB 10/mt and premiums of RMB 60/mt against SHFE 1608 copper.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-1)

LME copper prices

SHFE copper prices

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LME copper started at USD 5,158/mt overnight and moved higher to USD 5,240/mt thanks to Chinese stock rally.

Oct 27, 2015 09:28

SMM Comments

SMM Copper Market Morning Review (2015-10-21)

LME copper opening at USD 5,203/mt on Tuesday and tested a low of USD 5,171/mt during Asian trading hours and later advanced to USD 5,243/mt.

Oct 21, 2015 09:45

SMM Comments

SHFE Copper Trades down 1.18% (Oct. 19, 2015)

SHFE 1512 copper opening at RMB 39,560/mt last Friday evening and then moved tightly, to end at RMB 39,720/mt.

Oct 19, 2015 17:15

SMM Comments

SMM Copper Market Morning Review (2015-10-19)

LME copper touched a low of USD 5,232/mt during European and US trading hours last Friday due to firmer dollar, to end down USD 54/mt at USD 5,272/mt.

Oct 19, 2015 09:36

SMM Comments

SMM Copper Market Daily Review (2015-10-16)

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29

SMM Comments

SHFE Copper Finishes up 0.78% (Oct. 15, 2015)

SHFE 1512 copper opened higher at RMB 39,750/mt for night trading Wednesday in response to LME copper.

Oct 15, 2015 16:37

SMM Comments

SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47

SMM Comments

SHFE Copper Prices up RMB 840/mt (Oct. 8, 2015)

LME copper gained over USD 160/mt during China’s National Day holiday. SHFE 1512 copper opened Thursday trading session at RMB 39,340/mt.

Oct 8, 2015 16:54

SMM Comments

SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

SHE 1512 copper performed well on Wednesday, partly because of rising Chinese stock market.

Sep 30, 2015 15:36

SMM Comments

SMM Copper Market Daily Review (2015-9-25)

SHFE 1512 copper shifted to the most active contract on Thursday night, to start lower at RMB 38,550/mt and then move higher to RMB 39,050/mt.

Sep 28, 2015 09:07

SMM Comments

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LME Copper to Stay Range-Bound (2016-8-1)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

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