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Home / Metal News / LME Copper to Consolidate at Highs (2016-8-17)

LME Copper to Consolidate at Highs (2016-8-17)

Aug 17, 2016 09:19

Source:SMM

LME copper will fluctuate at highs of USD 4,785-4,835/mt during Asian trading hours Wednesday.

SHANGHAI, Aug. 17 (SMM) – LME copper will fluctuate at highs of USD 4,785-4,835/mt during Asian trading hours Wednesday.

US dollar will face upward correction following losses while crude oil fluctuating at highs.

SHFE 1610 copper will fluctuate between RMB 37,250-37,700/mt on Aug. 17. Spot copper in China will be offered between discounts of RMB 30/mt and premiums of RMB 40/mt against SHFE 1609 copper.

LME copper prices

SHFE copper prices

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SHFE 1611 copper started at RMB 37,670/mt and ended at RMB 37,720/mt on Friday.

Sep 30, 2016 19:03

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SHFE Copper to Move Lower (2016-9-9)

LME copper is expected to range between USD 4,640~4,680/mt on Friday and SHFE 1611 copper will fluctuate at RMB 36,450~36,750/mt.

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LME copper should range between USD 4,615-4,655/mt on Monday and SHFE 1611 copper will move at RMB 36,350-36,700/mt.

Sep 5, 2016 09:56

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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.

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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

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LME Copper to Consolidate at Highs (2016-8-17)

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2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

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2025 SMM 3rd Wire & Cable Conference & Expo