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Home / Metal News / SHFE Copper to Extend Gains (2017-8-29)

SHFE Copper to Extend Gains (2017-8-29)

Aug 29, 2017 09:47

Source:SMM

SHFE 1710 copper hit new highs yesterday, and will rise further to RMB 52,400-52,900/mt today.

SHANGHAI, Aug. 29 (SMM) – SHFE 1710 copper hit new highs yesterday, and will rise further to RMB 52,400-52,900/mt today. Market should closely watch whether downstream producers will accept such high prices and where will capital go after this round of gains. LME copper will move at USD 6,730-6,780/mt.

Spot discounts are expected at RMB 70-130/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-29)

shfe copper prices

copper prices

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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

SMM Insight

Shanghai Copper Market Movement (2017-9-27)

Shanghai Copper Market Movement (2017-9-25)

Copper in Shanghai spot market was offered at premiums of 120-170 yuan/tonne over SHFE 1710 copper on Monday.

Sep 25, 2017 14:36

SMM Insight

Shanghai Copper Market Movement (2017-9-25)

Sudden Drop in SHFE Copper Triggers Bearishness in Shanghai Spot Market, SMM Says

Market players in Shanghai spot copper market became bearish today after SHFE copper unexpectedly fell 100 yuan/tonne before noon.

Sep 7, 2017 13:22

SMM Insight

Sudden Drop in SHFE Copper Triggers Bearishness in Shanghai Spot Market, SMM Says

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Supply of imported copper was limited in Shanghai spot market due to lower SHFE/LME copper price ratio.

Sep 5, 2017 13:18

SMM Insight

Lower SHFE/LME Copper Price Ratio Curtails Imported Copper Flows to Spot Market

Lower Supply to Sustain Imported Copper Premiums in Shanghai Spot Market, SMM Says

Supply of imported copper in Shanghai spot market will see a temporary decline, and this will allow its premiums to continue, SMM expects.

Sep 1, 2017 13:47

SMM Insight

Lower Supply to Sustain Imported Copper Premiums in Shanghai Spot Market, SMM Says

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 16:05

SMM Comments

SHFE 1710 Copper Ends with Small Gains (2017-8-29)

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 Insight

Deadlock Persists in Shanghai Spot Copper Market, SMM Says

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