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Home / Metal News / LME Copper to Strengthen (2016-9-30)

LME Copper to Strengthen (2016-9-30)

Sep 30, 2016 09:53

Source:SMM

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.

SHANGHAI, Sept. 30 (SMM) – Eyes should be on China’s Caixin manufacturing PMI on Friday. LME copper will range between USD 4,820-4,860/mt on Friday. SHFE 1611 copper is predicted to move at RMB 37,500-37,800/mt today with positions closing by shorts in the last trading day before China’s National Day Holiday during October 1-7.

In China’s domestic market, downstream buyers replenish goods in a small amount. Hence, spot copper premiums should drop to RMB 120-170/mt on Friday.

SHFE copper prices

LME copper prices

copper prices

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The copper prices edged lower and moved between 69,000-70,500 yuan/mt last week.

Jan 10, 2022 16:35

Analysis

Copper Prices to Remain at the Current Level with Strong Support

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SHFE copper prices trended lower last week, with the support at 68,500 yuan/mt for the most active contract. The market has priced in the COVID-19 variant in South Africa.

Dec 6, 2021 15:03

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What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

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Oct 28, 2021 17:41

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What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

UBS Raises Forecast for International Copper Prices

he investment bank UBS said that copper physical premiums in various places have risen, and copper stocks on global exchanges have fallen, especially in China, according to MiningWeekly.

Oct 26, 2021 16:51

Industry

UBS Raises Forecast for International Copper Prices

LME Copper to Fall Further (2017-10-20)

LME copper will drop to USD 6,940-6,990/mt today on negative technical side, while SHFE 1712 copper will move at RMB 54,100-54,600/mt.

Oct 20, 2017 09:44

SMM Comments

LME Copper to Test Support (2017-10-19)

Most base metals fell yesterday. Copper prices corrected down further due to strong US dollar.

Oct 19, 2017 09:34

SMM Comments

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

Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

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

SHFE Copper to Keep Rising Momentum (2016-11-2)

LME copper is predicted to range between USD 4,870-4,915/mt during Asian trading hours on Wednesday and SHFE 1701 copper will move at RMB 38,700-39,150.

Nov 2, 2016 09:47

SMM Comments

LME Copper to Stabilize at Highs (2016-10-26)

LME copper should stabilize at USD 4,700-4,750/mt on Wednesday and SHFE 1612 copper will fluctuate between RMB 37,700-38,150/mt.

Oct 26, 2016 09:51

SMM Comments

Codelco’s 2017 Copper Premiums to Chinese and European Buyers to be Higher, SMM Expects

Three trading sources said Codelco has slashed its 2017 physical copper premiums to around $70 to Chinese buyers, and $80-85 per tonne to European buyers.

Oct 24, 2016 15:02

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