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Home / Metal News / LME Copper to Face Downward Pressure (2016-9-23)

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

Sep 23, 2016 09:58

Source:SMM

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.

SHANGHAI, Sept. 23 (SMM) – US dollar index rallied from lows and crude oil stopped rising. 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.

In China’s domestic market, spot copper should be traded at premiums of RMB 80-120/mt on Friday.

LME copper prices

SHFE copper

Copper prices

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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

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

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

North American Copper Scrap Prices Unchanged On Index on 19th Sep, 2016

The North American copper scrap prices remained flat on September 19th, Monday.

Sep 20, 2016 14:37

SMM Comments

SHFE Copper Closes with Gains (2016-9-14)

SHFE 1611 copper started at RMB 36,600/mt and ended at RMB 36,730/mt, up RMB 250/mt with positions down 16,066.

Sep 14, 2016 16:39

SMM Comments

Copper Price Forecast, September 2016: Prices Dip this Week on Stronger U.S. Dollar

Copper prices dipped this week with a stronger U.S. dollar hindering foreign demand for the metal.

Sep 14, 2016 14:25

SMM Comments

SMM Copper Market Morning Review (2015-10-27)

LME copper started at USD 5,158/mt overnight and moved higher to USD 5,240/mt thanks to Chinese stock rally.

Oct 27, 2015 09:28

SMM Comments

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

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NET ZERO EUROPE - Solar & Energy Storage Summit

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