Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

SHFE 1703 copper opened at RMB 46,780/mt today, and rose to RMB 47,600/mt on possible strike news at Escondida copper mine. In the afternoon, SHFE 1703 copper reached RMB 47,690/mt, and closed at RMB

Feb 8, 2017 17:57

SMM Comments

SHFE 1703 Copper Closes with Increase (2017-2-8)

Copper headed for the biggest monthly gain in a decade

The metal prices are headed for the biggest monthly gain in almost a decade.

Nov 28, 2016 11:01

Industry

SHFE Copper Finishes with Gains (2016-9-30)

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

Sep 30, 2016 19:03

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

SHFE Copper Ends with Gains (2016-9-23)

SHFE 1611 copper started at RMB 37,770/mt and ended at RMB 37,860/mt, up RMB 370/mt with positions down 3,260.

Sep 23, 2016 18:13

SMM Comments

Will Persistent Global Shortfall Help Copper Prices Get Rid of Multi-Year Resistance? SMM Reports

Market has been pessimistic over copper market fundamentals since the beginning of this year due to expansions at two large copper mines in Peru, leaving copper prices struggling at lows.

Sep 23, 2016 10:23

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 Stay Range-Bound (2016-9-20)

LME copper is expected to range at USD 4,740-4,770/mt on Tuesday and SHFE 1611 copper will move at RMB 37,100-37,400/mt.

Sep 20, 2016 09:52

SMM Comments

SHFE Copper Closes Higher (2016-9-19)

HFE 1611 copper started higher at RMB 37,100/mt and ended at RMB 37,230/mt, up RMB 590/mt with positions down 12,166.

Sep 19, 2016 17:35

SMM Comments

SMM Events & Webinars

All

Jun
03
- Indonesia Critical Minerals Conference & Expo 2025
  Jun 03 - 05,2025
  Indonesia, with its unique natural resource reserves, has attracted widespread attention from companies worldwide.
  JAKARTA, INDONESIA · Pullman Jakarta Central Park
Jun
12
- 2025 (2nd) Global Renewable Metal Industry Chain Summit
  Jun 12 - 13,2025
  2025 SMM Global Recycling Metals Industry Summit will take place on June 12–13, 2025, in Thailand
  Bangkok, Thailand·Hyatt Regency Bangkok Suvarnabhumi Airport
Jun
15
- 2025 SMM ASEAN Automotive Supply Chain Conference
  Jun 15 - 17,2025
  At this event, SMM will invite experts, scholars, business representatives and government officials
  Bangkok, Thailand·Hyatt Regency Bangkok Suvarnabhumi Airport

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

SMM Events & Webinars

Indonesia Critical Minerals Conference & Expo 2025

2025 (2nd) Global Renewable Metal Industry Chain Summit

2025 SMM ASEAN Automotive Supply Chain Conference