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Home / Metal News / LME Copper Sets for Gains (2016-9-22)

LME Copper Sets for Gains (2016-9-22)

Sep 22, 2016 09:35

Source:SMM

LME copper is predicted to move at USD 4,760-4,800/mt on Thursday and SHFE 1611 copper will range between RMB 37,200-37,550/mt.

SHANGHAI, Sept. 22 (SMM) – US Fed announced to hold interest rate unchanged and keep easing monetary policy on Wednesday night. US dollar index dropped while American stock and gold prices rose. LME copper is predicted to move at USD 4,760-4,800/mt on Thursday and SHFE 1611 copper will range between RMB 37,200-37,550/mt.

In China’s domestic market, spot copper should be traded at premiums of RMB 80-110/mt on Thursday.

LME copper prices

SHFE copper

Copper prices

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

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LME approved the listing of JNMCc Grade A copper brand, produced by Guangxi Jinchuan Non-Ferrous Metals on September 19.

Sep 20, 2017 11:57

Industry

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.

Jul 6, 2017 19:41

SMM Comments

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

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

LME Copper to Strengthen (2016-9-30)

LME copper will range between USD 4,820-4,860/mt on Friday and SHFE 1611 copper is predicted to move at RMB 37,500-37,800/mt.

Sep 30, 2016 09:53

SMM Comments

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

SMM Comments

LME Copper to Face Downward Pressure (2016-9-23)

LME copper should stabilize at USD 4,815-4,855/mt on Friday and SHFE 1611 copper will range between RMB 37,500-37,850/mt.

Sep 23, 2016 09:58

SMM Comments

SHFE Copper Ends with Small Gains (2016-9-21)

SHFE 1611 copper opened at RMB 37,360/mt and finally closed at RMB 37,300/mt, up RMB 60/mt with positions down 2,578.

Sep 21, 2016 17:19

SMM Comments

LME Copper to Strengthen (2016-9-21)

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.

Sep 21, 2016 09:36

SMM Comments

SHFE Copper Closes Higher (2016-9-20)

SHEF 1611 copper opened at RMB 37,240/mt and closed at RMB 37,280/mt, up RMB 170/mt with positions down 6,998.

Sep 20, 2016 17:47

SMM Comments

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LME Copper Sets for Gains (2016-9-22)

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SMM LME Metals Seminar 2025

Li-ION BATTERY China

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