Copper to Remain Range-Bound (2017-3-23)

Published: Mar 23, 2017 09:49

Save

LME copper will trade at USD 5,750-5,850/mt on Thursday and SHFE 1705 copper will move at RMB 46,750-47,250/mt.

SHANGHAI, Mar. 23 (SMM) – LME copper will trade at USD 5,750-5,850/mt on Thursday and SHFE 1705 copper will move at RMB 46,750-47,250/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 180-80/mt.

Copper prices SHFE copper prices LME 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 for 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

7 mins ago

China's Copper Cathode Export Customs Data for August 2026

[Copper Cathode Customs Data] According to data from the General Administration of Customs, China exported 50,400 mt of copper cathode in August 2026, up 44.67% MoM and up 37.02% YoY. Cumulative exports of copper cathode from January to August 2026 totaled 409,000 mt, down 10.57% YoY.

7 mins ago

China's Copper Cathode Import Customs Data for August 2026

[Copper Cathode Customs Data] According to data from the General Administration of Customs, China imported 210,200 mt of copper cathode in August 2026, down 14.24% MoM and down 20.48% YoY. Cumulative imports of copper cathode from January to August 2026 totaled 1.8837 million mt, down 15.22% YoY.

7 mins ago

15 mins ago

[SMM Flash] Sulphuric acid prices in some regions dropping below 1,000 yuan/mt

Since 10 July, SMM Chinese sulfuric acid price index from Copper smelters has declined for 11 consecutive weeks on a weekly basis. This weekend, sulphuric acid prices were further reduced in some regions, with the ex-works price of 98% smelting acid falling below 1,000 yuan/mt. However, demand from the fertiliser industry has yet to show any clear improvement, and there are no signs that exports of sulphuric acid and phosphate fertiliser can be restarted, leaving the market dominated by a strong wait-and-see sentiment.

15 mins ago