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Home / Metal News / LME Copper to See Range-Bound Trading (2016-9-26)

LME Copper to See Range-Bound Trading (2016-9-26)

Sep 26, 2016 09:48

Source:SMM

LME copper will fluctuate at USD 4,840-4,875/mt on Monday and SHFE 1611 copper will range between RMB 37,650-37,950/mt.

SHANGHAI, Sept. 26 (SMM) – LME copper rose last Friday with positions opening by longs but then met resistance because there was no more positive news. LME copper will fluctuate at USD 4,840-4,875/mt on Monday and SHFE 1611 copper will range between RMB 37,650-37,950/mt.

In China’s domestic market, spot copper should be traded at premiums of RMB 100-120/mt on Monday.

LME copper prices

SHFE copper prices

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

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

LME Copper to Face Downward Pressure (2016-9-19)

LME copper is predicted to keep testing support at the 40-day moving average and will range between USD 4,730-4,770/mt on Monday. SHFE 1611 copper is expected to move at RMB 37,000-37,400/mt today.

Sep 19, 2016 09:45

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

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LME Copper to See Range-Bound Trading (2016-9-26)

SMM Events & Webinars

Indonesia Critical Minerals Conference & Expo 2025

2025 (2nd) Global Renewable Metal Industry Chain Summit

2025 SMM ASEAN Automotive Supply Chain Conference