2017 Copper Market Polling Results: LME Copper to Peak at $6,400-7,000/t, and Most Optimistic on Zinc

Published: Mar 24, 2017 12:52

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What’s price outlook for base metal prices in 2017 after a strong comeback in 2016’s commodity market. SMM surveys attendees at the 12th Shanghai Copper & Aluminum Summit 2017 over for their opinions.

SHANGHAI, Mar. 24 (SMM) – What’s price outlook for base metal prices in 2017 after a strong comeback in 2016’s commodity market. SMM surveys attendees at the 12th Shanghai Copper & Aluminum Summit 2017 for their opinions on the 2017 copper market.

Collections of Stories in Base Metal Market at SMM 2017 Copper&Aluminum Summit

1.   What’s your opinion about Chinese economy?
A.   have started bouncing back
B.   have hit the bottom and will bounce back
C.   have hit the bottom, and will linger at lows (37% of attendees in the survey)
D.   have not hit the bottom yet, and will slow down further

2.   Which one/ones is/are the most optimistic in 2017? (mark out all you think is)
A.   copper (30%)
B.   aluminum
C.   zinc (32%)
D.   nickel (22%)
E.   ferrous metals

3. What are key factors for copper price in 2017? (mark out all you think is)
A. copper ore supply disruption factors
B. consumption
C. macro-economic and financial factors
D. others

4. What's the highest price for 2017 copper market?
A. below $6,400/t 44%
B. $6,400-7,000/t (53%)
C. above $7,000/t

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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.

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