Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Copper Prices to Challenge Previous Highs (2017-10-13)

Copper Prices to Challenge Previous Highs (2017-10-13)

Oct 13, 2017 09:17

Source:SMM

Position structure shows longs are raising bets on distant month contracts.

SHANGHAI, Oct. 13 (SMM) – Position structure shows longs are raising bets on distant month contracts. Technical side is positive. A soft dollar will also offer upward momentum to copper prices. LME copper will range USD 6,850-6,900/mt today, while SHFE 1712 copper will move at RMB 53,200-53,700/mt. Spot discounts will expand to RMB 100-250/mt in domestic market if the price spread between SHFE 1710 and 1711 copper remains large.

SHFE copper prices

copper prices

base metal price forecast

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

LME Copper Set for Gains (2016-6-14)

LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

Jun 14, 2016 09:47

SMM Comments

SHFE Copper Posts Declines (Mar. 30, 2016)

SHFE 1605 copper once dipped to RMB 37,200/mt after starting at RMB 37,580/mt overnight.

Mar 30, 2016 16:19

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

SMM Update of Output Cut Plans at 10 Chinese Major Copper Smelters in 2016

In late 2015, ten major Chinese copper smelters agreed to reduce production by 350,000 tonnes in 2016. As entering April, has the cut plan being implemented as schedule?

Mar 29, 2016 15:46

SMM Insight

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

Will China Copper Output Fall in 2016 after Cuts Plan? SMM Interviews

Ten major Chinese copper smelters agreed to cut output in late 2015, to tide over the tough period following sharp price declines. How will the cut plan affect Chinese copper output in 2016?

Mar 23, 2016 11:00

SMM Insight

About 30% of Chinese Tin Smelters See Tin Prices Rise This Week: SMM Survey

tin prices, LME tin, SHFE tin

Mar 22, 2016 10:33

SMM Comments

SHFE Tin to Face Downward Pressure (2016-3-22)

SHFE 1605 tin hit a high of RMB 110,480/mt during Monday’s night session, but then fell back to below the 10-day moving average.

Mar 22, 2016 09:28

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-2-25)

US January durable goods orders and eurozone January CPI are slated for release today.

Feb 25, 2016 09:23

SMM Comments

About 35% of Chinese Tin Smelters Expect Tin Prices to Fall This Week: SMM Survey

About 35% of Chinese tin smelters surveyed by SMM expect tin prices to fall this week.

Feb 16, 2016 10:41

SMM Comments

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

Copper Prices to Challenge Previous Highs (2017-10-13)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025