Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsConsulting
Download our mobile app to
your devices
LME Copper to Outperform SHFE Copper (2017-9-8)
Sep 8, 2017 09:38Source:SMM
Capital outflows led to corrections in base metals, but copper held relatively firm.
SHANGHAI, Sep. 8 (SMM) – Capital outflows led to corrections in base metals, but copper held relatively firm. Copper prices will face growing resistance, though. A stronger yuan will cause SHFE copper to perform not as well as LME copper.
LME copper will range USD 6,880-6,930/mt today, while SHFE 1711 copper will move at RMB 52,550-52,950/mt.
In domestic spot market, spot premiums of RMB 10-70/mt are expected.
SHFE copper prices
copper prices
base metal price forecast
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Copper Prices to Move Rangebound
The Federal Reserve announced to accelerate the tapering of bond purchases at its interest rate meeting last week.
Dec 20, 2021 16:15
LME Aluminum to Fall Back from Highs (2017-7-28)
LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.
Jul 28, 2017 09:42
LME Aluminum to Rise (2017-7-27)
The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.
Jul 27, 2017 09:46
SHFE Tin to Extend Gains (2017-7-26)
ME tin may face technical corrections and test resistance at USD 20,600/mt and support at USD 20,000/mt today.
Jul 26, 2017 09:43
Key Macroeconomic Indicators for Base Metal Prices (2017-7-26)
UK GDP is expected to grow 1.7% YoY in Q2, down 0.3 percentage point from Q1.
Jul 26, 2017 09:34
SMM Events & Webinars
All- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
- Jun18
2024 ASEAN Automotive Supply Chain
Jun 18 - 19,2024Pattaya,Thailand
Shanghai Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
