Copper Prices to Remain Firm (2017-10-12)_SMM

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Home / Metal News / Copper / Copper Prices to Remain Firm (2017-10-12)

Copper Prices to Remain Firm (2017-10-12)

Oct 12,2017 09:20

CST

SMM Comments

Source:SMM

Large capital flows and high spot premiums in domestic market pushed copper prices up.

SHANGHAI, Oct. 12 (SMM) – Large capital flows and high spot premiums in domestic market pushed copper prices up. The rise in LME copper was due mainly to expectations for an acceleration of economic recovery in developed countries. LME copper will range USD 6,780-6,830/mt today, while SHFE 1712 copper will move at RMB 52,800-53,300/mt. Spot premiums will expand to RMB 270-330/mt in domestic market.

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The table below shows inventories of base metals on the LME on October 11.

Oct 11, 2017 16:22 timezone

CST

Industry News

LME Base Metals Inventories (2017-10-11)

LME Zinc to Rise after Falling Initially (2017-10-11)

On Wednesday, LME zinc will fall at first, and then rise as a falling dollar will support zinc price, which may challenge USD 3,300/mt, with price range between USD 3,260-3,300/mt.

Oct 11, 2017 09:31 timezone

CST

SMM Comments

LME Zinc to Rise after Falling Initially (2017-10-11)

Ferrous Metals Weaken, and Nonferrous Metals Keeps Range-bound Trading

On Thursday, prices of ferrous metals registered relatively big declines at Thursday’s daily closing hours, with coke leading the losses.

Sep 28, 2017 15:23 timezone

CST

Industry News

Ferrous Metals Weaken, and Nonferrous Metals Keeps Range-bound Trading

SHFE Tin to Hover at Highs (2017-9-27)

LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today.

Sep 27, 2017 09:34 timezone

CST

SMM Comments

LME Copper to Move at Lows (2017-9-27)

LME copper will range USD 6,380-6,470/mt today and test support at the 60-day moving average.

Sep 27, 2017 09:27 timezone

CST

SMM Comments

LME Base Metals Inventories (2017-9-20)

The table below shows inventories of base metals on the LME on September 20.

Sep 20, 2017 16:36 timezone

CST

Industry News

SHFE Base Metals Warrants (2017-9-20)

The table below shows warrants of base metals on the SHFE on September 20.

Sep 20, 2017 15:55 timezone

CST

Industry News

LME Zinc to Face Downward Pressure (2017-9-20)

LME zinc contango turned into a backwardation of USD 29.5/mt.

Sep 20, 2017 09:44 timezone

CST

SMM Comments

LME Zinc to Face Downward Pressure (2017-9-20)

SHFE Tin to See Limited Declines (2017-9-18)

LME tin will move at USD 20,500-20,700/mt today and continue testing support at USD 20,500/mt.

Sep 18, 2017 09:33 timezone

CST

SMM Comments

SHFE Tin to See Limited Declines (2017-9-18)

Copper Prices to Look for Support (2017-9-18)

Copper prices will look for support and probably hover around current levels due to fierce competition between longs and shorts.

Sep 18, 2017 09:23 timezone

CST

SMM Comments

Copper Prices to Look for Support (2017-9-18)

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