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Home / Metal News / LME Copper to Rise Further (2017-9-7)

LME Copper to Rise Further (2017-9-7)

Sep 7, 2017 09:47

Source:SMM

Market will eye policy decision of ECB today.

SHANGHAI, Sep. 7 (SMM) – Market will eye policy decision of ECB today. LME copper will rise further t USD 6,900-6,950/mt on a weaker dollar, but may face pressure from possible profit taking by longs. SHFE 1711 copper will move at RMB 53,100-53,450/mt.

In domestic spot market, spot premiums of RMB 20-70/mt are expected.

SHFE copper prices

copper prices

base metal price forecast

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The October CPI in the US due last week increased by 6.2% year-on-year, the biggest increase in 31 years, and up 0.9% month-on-month, the largest gain in four months.

Nov 15, 2021 14:47

Analysis

Copper Prices to Edge up amid Low Inventory

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

Since the beginning of this year, the copper prices have continued to rise, reaching the highest level since May 2006 in May. The high copper prices have made relevant companies profitable.

Nov 4, 2021 17:32

Analysis

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

On Wednesday’s night trading, the dollar stopped falling, but a weak dollar is expected to be remain, and base metals will keep fluctuating.

Jul 20, 2017 09:38

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Dec 9, 2016 09:15

SMM Insight Industry

Volatility to Grow in Base Metals, SMM Says

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Dec 8, 2016 09:14

SMM Insight Industry

Base Metals to Swing in Wide Range, SMM Says

Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

Dec 5, 2016 09:18

SMM Insight Industry

Caution Grows ahead of US Nonfarm Data, SMM Says

Base metal prices on the SHFE are expected to trade cautiously during Asian trading hours on Friday, Shanghai Metals Market foresees.

Dec 2, 2016 09:14

SMM Insight Industry

North American Copper Scrap Prices Held Steady on Index on Sep. 6th

The North American copper scrap prices remained flat on September 6th, Tuesday.

Sep 7, 2016 13:57

SMM Comments

Copper Prices Unable to Find Traction as They Hit a 2-Month Low

Improvements in commodity markets made copper prices hold above the lows recorded in January but investors are not yet excited enough to trigger a bull run in copper prices.

May 20, 2016 15:17

Industry

LME Copper to See Range-Bound Trading on Dollar and Oil Factors (2016-4-14)

On Thursday, oil and dollar factors will leave LME copper in range-bound trading, SMM predicts.

Apr 14, 2016 09:37

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LME Copper to Rise Further (2017-9-7)

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