Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Copper to Stay Range-Bound Trading (2016-8-29)

SHFE Copper to Stay Range-Bound Trading (2016-8-29)

Aug 29, 2016 10:23

Source:SMM

SHFE copper is expected to range at RMB 36,200-36,600/mt, supported by positive reading of China’s profits for industrial enterprisesin July.

SHANGHAI, Aug. 29 (SMM) - US Federal Reverse officials delivered hawkish comments, which boosted expectation of interest rate hike.Thus, LME copper fluctuated at lows. LME market closes today.

SHFE copper is expected to range at RMB 36,200-36,600/mt, supported by positive reading of China’s profits for industrial enterprisesin July. Spot prices are expected to trade at premiums of RMB 0-40/mt.

SHFE copper prices

LME copper prices

copper prices

For queries, please contact William Gu at williamgu@smm.cn

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

The copper prices edged lower and moved between 69,000-70,500 yuan/mt last week.

Jan 10, 2022 16:35

Analysis

Copper Prices to Remain at the Current Level with Strong Support

Copper Prices are Under Pressure

SHFE copper prices trended lower last week, with the support at 68,500 yuan/mt for the most active contract. The market has priced in the COVID-19 variant in South Africa.

Dec 6, 2021 15:03

Analysis

What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

China has issued documents recently to control the coal market. The prices of thermal coal, coke and coking coal fell to a one-month low, triggering significant pessimism in the metal market.

Oct 28, 2021 17:41

Analysis

What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

UBS Raises Forecast for International Copper Prices

he investment bank UBS said that copper physical premiums in various places have risen, and copper stocks on global exchanges have fallen, especially in China, according to MiningWeekly.

Oct 26, 2021 16:51

Industry

UBS Raises Forecast for International Copper Prices

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

SHFE Copper to Keep Rising Momentum (2016-11-2)

LME copper is predicted to range between USD 4,870-4,915/mt during Asian trading hours on Wednesday and SHFE 1701 copper will move at RMB 38,700-39,150.

Nov 2, 2016 09:47

SMM Comments

LME Copper to Stabilize at Highs (2016-10-26)

LME copper should stabilize at USD 4,700-4,750/mt on Wednesday and SHFE 1612 copper will fluctuate between RMB 37,700-38,150/mt.

Oct 26, 2016 09:51

SMM Comments

Codelco’s 2017 Copper Premiums to Chinese and European Buyers to be Higher, SMM Expects

Three trading sources said Codelco has slashed its 2017 physical copper premiums to around $70 to Chinese buyers, and $80-85 per tonne to European buyers.

Oct 24, 2016 15:02

SMM Insight

SHFE Copper Ends Lower (2016-9-8)

SHFE 1611 copper started at RMB 36,640/mt and closed at RMB 36,570/mt, down RMB 90/mt with positions down 280.

Sep 8, 2016 17:28

SMM Comments

SHFE Copper Ends Higher (2016-9-2)

SHFE 1611 copper started higher at RMB 36,440/mt and ended at RMB 36,670/mt, up RMB 190/mt with positions up 13,792.

Sep 2, 2016 18:28

SMM Comments

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  NET ZERO MEA is the premier leadership summit of solar, energy storage, and renewable energy sectors in the Mid-East.
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

SHFE Copper to Stay Range-Bound Trading (2016-8-29)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo