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Home / Metal News / LME Copper to Test Support (2017-10-19)

LME Copper to Test Support (2017-10-19)

Oct 19, 2017 09:34

Source:SMM

Most base metals fell yesterday. Copper prices corrected down further due to strong US dollar.

SHANGHAI, Oct. 19 (SMM) – Most base metals fell yesterday. Copper prices corrected down further due to strong US dollar. LME copper will test support at the 5-day moving average and struggle around USD 7,000/mt in the short term, but will remain bullish in the medium and long term. LME copper will range USD 6,980-7,030/mt today, while SHFE 1712 copper will move at RMB 54,500-55,500/mt. Spot premiums will fall further to RMB 120-200/mt due to inflows of imported copper.

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The copper prices edged lower and moved between 69,000-70,500 yuan/mt last week.

Jan 10, 2022 16:35

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Copper Prices to Remain at the Current Level with Strong Support

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Oct 28, 2021 17:41

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What is the Status Quo of Copper Semis Processing Enterprises amid Big Copper Price Volatility and Power Rationing?

UBS Raises Forecast for International Copper Prices

he investment bank UBS said that copper physical premiums in various places have risen, and copper stocks on global exchanges have fallen, especially in China, according to MiningWeekly.

Oct 26, 2021 16:51

Industry

UBS Raises Forecast for International Copper Prices

LME Copper to Fall Further (2017-10-20)

LME copper will drop to USD 6,940-6,990/mt today on negative technical side, while SHFE 1712 copper will move at RMB 54,100-54,600/mt.

Oct 20, 2017 09:44

SMM Comments

LME Tin to Hover at Highs (2017-7-3)

LME tin will hover around USD 20,000/mt today.

Jul 3, 2017 09:53

SMM Comments

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

Copper prices will have no reason to stay below $5,500 per tonne in the fundamental respect, said Radoslaw Domagalski-Labedzki, Chief Executive Officer (CEO) of KGHM.

May 9, 2017 15:12

Industry Reminder

KGHM: Copper Has No Fundamental Reason to Stay below $5,500

SHFE Copper to Keep Rising Momentum (2016-11-2)

LME copper is predicted to range between USD 4,870-4,915/mt during Asian trading hours on Wednesday and SHFE 1701 copper will move at RMB 38,700-39,150.

Nov 2, 2016 09:47

SMM Comments

LME Copper to Stabilize at Highs (2016-10-26)

LME copper should stabilize at USD 4,700-4,750/mt on Wednesday and SHFE 1612 copper will fluctuate between RMB 37,700-38,150/mt.

Oct 26, 2016 09:51

SMM Comments

Supply Concerns to Support Tin Price Gains, SMM Reports

Tin prices have been performing quite well recently and will remain firm on low stocks and expectations for tightening supply, despite a strong US dollar, SMM says.

Oct 25, 2016 16:30

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