Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / LME Copper Unlikely to Break Out of Recent Trading Box Next Week, SMM Expects

LME Copper Unlikely to Break Out of Recent Trading Box Next Week, SMM Expects

Aug 13, 2016 17:11

Source:SMM

LME and SHFE copper will still trade in recent trading band next week, SMM predicts.

SHANGHAI, Aug. 13 (SMM) – LME and SHFE copper will still trade in recent trading band next week, SMM predicts.

The US dollar index will swing widely between 95.5-96.5 since incoming US economic data will be mixed. Crude oil will advance further to $43-45/bbl as investors will continue digesting recent positive news and positive technical side.

In this context, LME copper will continue trading in recent range of $4,780-4,880 per tonne while searching for direction.

SHFE 1610 copper will consolidate between 37,000-38,200 yuan per tonne, supported by ample market liquidity and strong ferrous metals prices.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

copper prices

LME copper prices

SHFE copper prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Shanghai Spot Copper Price on October 31

Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

time

Oct 31, 2017 13:24

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.

time

Jul 6, 2017 19:41

SHFE 1709 Copper Rallies at End of Trading (2017-7-6)

LME Copper to Move in a Tight Range (2016-3-1)

LME copper will narrowly range USD 4,680-4,720/mt during Asian trading hours Tuesday.

time

Mar 1, 2016 09:34

23% Chinese Copper Wire&Cable Producers Bullish toward Copper Prices

An SMM survey of 22 Chinese copper wire&cable producers reveals 23% are bullish toward copper prices, thanks to improved market sentiment.

time

Jan 4, 2016 14:45

43% China Industrial Insiders See Copper Prices to Fall This Week, SMM survey

Copper prices posted rallies last week thanks to output cut news but copper prices fell back later due to firmer dollar.

time

Dec 1, 2015 10:38

LME Copper to Range USD 4,540-4,600/mt (2015-12-1)

LME copper will move in a range of USD 4,540-4,600/mt during Asian trading hours Tuesday.

time

Dec 1, 2015 09:33

LME Copper to Move between USD 4,560-4,610/mt (2015-11-30)

LME copper is expected to move between USD 4,560-4,610/mt during Asian trading hours Monday.

time

Nov 30, 2015 09:49

SMM Copper Market Morning Review (2015-11-16)

LME copper opened at USD 4,823/mt last Friday and dived to USD 4,787.5/mt before ending at USD 4,809.5/mt, down USD 31.5/mt or 0.65%.

time

Nov 16, 2015 10:05

CRU analyst forecasts big downward pressure to copper prices in 2016

According to Mathew Wonnacott, CRU analyst, strengthening US dollar is likely to push copper prices down in 2016.

time

Nov 13, 2015 16:28

Shanghai Spot Copper Trades at Premiums of RMB 0-60/mt (Nov. 12, 2015)

In Shanghai, spot copper traded at premiums of RMB 0-60/mt on Thursday.

time

Nov 12, 2015 13:55

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.