Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsConsulting
Download our mobile app to
your devices
Copper Prices to Carry on Rising Strength Next Week, SMM Expects
Nov 4, 2016 18:41Source:SMM
Copper on both SHFE and LME will head for further gains next week, SMM expects.
SHANGHAI, Nov. 4 (SMM) – Copper on both SHFE and LME will head for further gains next week, SMM expects.
The US dollar index should swing more wildly around 97.5 due to growing uncertainty over US presidential election. Any further decline for crude oil prices will be limited.
LME copper should challenge previous high of $5,030/tonne, with positive technical side.
China will release October CPI and PPI next week, which are expected to be positive. Recent moves suggest the PBOC intends to stabilize rather than tighten market liquidity. SHFE 1701 copper will advance to 38,500-39,900 yuan/tonne, with positive technical indicators.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
copper prices
lme copper prices
shfe copper prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Shanghai Copper Market Movement (2017-9-27)
Copper in Shanghai spot market was offered at premiums of 150-200 yuan/tonne over SHFE 1710 copper on Wednesday.
Sep 27, 2017 14:23
SHFE 1710 Copper Ends with Small Gains (2017-8-29)
SHFE 1710 copper opened at RMB 52,740/mt on Tuesday, and hit a high of RMB 52,940/mt.
Aug 29, 2017 16:05SHFE Copper to Extend Gains (2017-8-29)
SHFE 1710 copper hit new highs yesterday, and will rise further to RMB 52,400-52,900/mt today.
Aug 29, 2017 09:47
Deadlock Persists in Shanghai Spot Copper Market, SMM Says
Sellers and buyers in Shanghai spot copper market are still in a deadlock today.
Aug 23, 2017 14:13
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
