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Home / Metal News / LME Copper to Stay Range-Bound (2016-9-27)

LME Copper to Stay Range-Bound (2016-9-27)

Sep 27, 2016 10:01

Source:SMM

LME copper will range at USD 4,820-4,865/mt on Tuesday and SHFE 1611 copper should fluctuate at RMB 37,650-37,900/mt.

SHANGHAI, Sept. 27 (SMM) - Profits at China’s large industrial enterprises in August, which will be released on Tuesday, are expectedto be positive. LME copper will range at USD 4,820-4,865/mt on Tuesday and SHFE 1611 copper should fluctuate at RMB 37,650-37,900/mt.

In China’s domestic market, spot copper is expected to stay firm with premiums of RMB 90-120/mt before China’s National Day holiday from October 1-7.

LME copper prices

SHFE copper prices

Copper prices

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Spot premiums were 0-70 yuan per tonne over SHFE front-month copper on October 31, SMM reported.

Oct 31, 2017 13:24

Industry

Shanghai Spot Copper Price on October 31

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)

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

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 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

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LME Copper to Stay Range-Bound (2016-9-27)

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APAC (9th) Stainless Steel Industry Conference 2024

APAC TIN INDUSTRY CONFERENCE 2024

2024 GLOBAL BATTERY RECYCLING CONFERENCE