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Home / Metal News / LME Copper to Strengthen (2016-9-21)

LME Copper to Strengthen (2016-9-21)

Sep 21, 2016 09:36

Source:SMM

LME copper is predicted to move at USD 4,750-4,790/mt on Wednesday and SHFE 1611 copper will range between RMB 37,250-37,550/mt.

SHANGHAI, Sept. 21 (SMM) - Falling US dollar and rising crude oil help copper prices up. LME copper is predicted to move at USD 4,750-4,790/mt on Wednesday and SHFE 1611 copper will range between RMB 37,250-37,550/mt.

In China’s domestic market, spot copper should be traded at premiums of RMB 70-110/mt on Wednesday.

LME copper prices

SHFE copper

Copper prices

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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

LME Copper to Move Lower (2017-3-14)

LME copper will trade at USD 5,780-5,820/mt on Tuesday and SHFE 1705 copper will move at RMB 47,200-47,700/mt.

Mar 14, 2017 09:36

SMM Comments

SHFE Copper Ends with Losses (2017-3-10)

SHFE 1705 copper started at RMB 46,590/mt and closed at RMB 46,650/mt, down RMB 320/mt.

Mar 10, 2017 19:41

SMM Comments

SHFE Copper Ends with Gains (2017-1-9)

SHFE 1703 copper opened at RMB 45,400/mt and finally ended at RMB 45,730/mt.

Jan 9, 2017 19:21

SMM Comments

SHFE Copper to Set with Losses (2016-12-30)

LME copper is expected to range between USD 5,450-5,550/mt during Asian trading hours on Friday and SHFE 1703 copper will move at RMB 45,000-45,700/mt.

Dec 30, 2016 09:30

SMM Comments

SHFE Copper to Set with Losses (2016-12-30)

SHFE Copper to Strengthen (2016-12-28)

LME copper will range between USD 5,540-5,690/mt and SHFE 1703 copper is predicted to move at RMB 45,150-46,340/mt on Wednesday.

Dec 28, 2016 09:36

SMM Comments

SHFE Copper Finishes with Losses (2016-12-26)

SHFE 1702 copper opened at RMB 44,660/mt and finally closed at RMB 44,070/mt, down RMB 730/mt.

Dec 26, 2016 19:45

SMM Comments

SHFE Copper Finishes with Losses (2016-12-26)

LME Copper to Move in a Tight Range (2016-12-23)

LME copper will range between USD 5,460-5,540/mt during Asian trading hours on Friday and SHFE 1702 copper is expected to move at RMB 44,300-45,050/mt.

Dec 23, 2016 10:25

SMM Comments

LME Copper to Move in a Tight Range (2016-12-23)

SHFE Copper Ends with Losses (2016-9-26)

SHFE 1611 copper started lower at RMB 37,840/mt and ended at RMB 37,760/mt.

Sep 26, 2016 18:08

SMM Comments

SHFE Copper Ends with Small Losses (2016-9-26)

SHFE 1611 copper started lower at RMB 37,840/mt and finally ended at RMB 37,760/mt.

Sep 26, 2016 17:58

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