LME Copper to See Range-Bound Trading (2016-12-19)

Published: Dec 19, 2016 10:14

Save

LME copper is expected to range between USD 5,600-5,670/mt with resistance on Monday and SHFE 1702 copper will move at RMB 46,000-46,500/mt.

SHANGHAI, Dec. 19 (SMM) – Market players are more likely to withdraw funds at the end of year. LME copper is expected to range between USD 5,600-5,670/mt with resistance on Monday and SHFE 1702 copper will move at RMB 46,000-46,500/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 120-80/mt on Monday.

SHFE copper LME copper copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Macro Pressure Combined with Supply-Demand Divergence, BC Copper Fluctuated Intraday and Closed Down 2.35% [SMM BC Copper Commentary]

3 hours ago

Major Import and Export Countries for China’s Copper Foil

[Copper Foil Customs Data] According to data from the General Administration of Customs, the main countries and regions from which China imported copper foil in January and February 2026 were Taiwan, China, Malaysia, and Luxembourg, with imports of 8,347.43 mt, 2,009.42 mt, and 997.76 mt, respectively. In January and February 2026, the main countries and regions to which China exported copper foil were Thailand, South Korea, and Vietnam, with exports of 2,713.31 mt, 1,474.16 mt, and 792.21 mt, respectively.

3 hours ago

5 hours ago

Data: SHFE, DCE market movement (Mar 23)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Mar , 2026

5 hours ago