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Home / Metal News / LME Copper Sets for Gains (2016-9-29)

LME Copper Sets for Gains (2016-9-29)

Sep 29, 2016 10:00

LEM copper will range between USD 4,835-4,865/mt on Thursday and SHFE 1611 copper should move at RMB 37,450-37,800/mt.

SHANGHAI, Sept. 29 (SMM) – Members of OPEC already reached consensus on oil output freeze in September’s meeting, crude oil thus grew by 6%, leading US dollar to stay weak. LEM copper will range between USD 4,835-4,865/mt on Thursday and SHFE 1611 copper should move at RMB 37,450-37,800/mt.

In China’s domestic market, spot copper is expected to trade at premiums of RMB 150-200/mt on Thursday.

LME copper prices

SHFE copper prices

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

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SMM Comments

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KGHM: Copper Has No Fundamental Reason to Stay below $5,500

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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.

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SMM Comments

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SMM Comments

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LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

Jun 14, 2016 09:47

SMM Comments

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SMM Comments

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SMM Comments

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LME Copper Sets for Gains (2016-9-29)

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