logo
Metrix
AnnouncementsAbout UsDownload APP
Sign In
EN
logo

LME Copper to Remain under Downward Pressure (2016-8-8)

Published: Aug 8, 2016 09:29
LME copper will suffer pressure from firmer dollar and range USD 4,775-4,815/mt during Asian trading hours Monday.

SHANGHAI, Aug. 8 (SMM) – LME copper will suffer pressure from firmer dollar and range USD 4,775-4,815/mt during Asian trading hours Monday.

The upbeat US nonfarm payrolls support US dollar, which will depress base metals.

SHFE 1610 copper will fluctuate between RMB 37,200-37,700/mt on Aug. 8. Spot copper in China will be offered at premiums of RMB 30-150/mt against SHFE 1608 copper.

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


LME copper pricesSHFE copper prices

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
22 hours ago
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
Read More
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
22 hours ago
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 6, 2026 12:00
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Read More
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 6, 2026 12:00
A gold and silver reset, not a reversal
Feb 6, 2026 09:27
A gold and silver reset, not a reversal
Read More
A gold and silver reset, not a reversal
A gold and silver reset, not a reversal
Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade
Feb 6, 2026 09:27
Related News
news
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
Feb 06, 2026 17:46
news
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 06, 2026 12:00
news
A gold and silver reset, not a reversal
Feb 06, 2026 09:27
news
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Feb 05, 2026 17:36
LME Copper to Remain under Downward Pressure (2016-8-8) - Shanghai Metals Market (SMM)