London Metal Exchange LME Copper Prices

Other News

London Metal Exchange LME Copper Prices
Views: 22  Update Date:Feb 02 , 2019
The copper market is constantly changing, besides product information there is a rapidly growing need for real-time price information and stock information of LME copper. The LME copper contract is the second largest traded contract on the LME (London Metal Exchange). Copper prices are very important for many companies.

Copper theft
At the beginning of the crisis in 2008 there was many news about copper thefts. All the news was about stolen copper like, clocks, lightning, power lines, covers and pipelines. Copper was a very popular product for many thieves. Thefts have temporarily been somewhat less, but in recent months the copper thief is back again. The cause of copper theft is obviously rising copper prices, making it very lucrative for thieves to steal this metal and sell it for cash.

Mining
At this time a total of one third of all copper ore in the world comes from mines in Chile. Besides Chile, America and Peru also produce copper. America and Peru account for sixteen percent of the total world production of this metal.
The biggest copper mines are therefore in Chile. In the eighties there were several large mining projects designed to insure that the copper supply in subsequent years grew considerably. That time has passed by. In the first year, copper mining is easy but eventually the copper mine gets exhausted, making the production of copper go down. Then it becomes increasingly difficult to win copper ore. An additional disadvantage is that subsequently the quality of copper significantly goes down.
The largest miners in the world, BHP Billiton, Xstrata and Freeport McMoran have great difficulty in meeting the growing demand. During the past five years, these miners have unfortunately not succeeded in their goals in relation to the achievements of the copper extraction.

New mines
Most major copper producers try to replace the drop in production by starting new mining projects in the world and then try to win new copper ore quickly. This is a logical but a very time-consuming decision. The development of new copper mines takes an average ten years and requires huge capital investment.

Fluctuation
With rapidly changing development of copper prices on the LME for companies dealing in this metal, such as construction business, dealers and installers, it is very important to respond immediately to price fluctuations. This information can earn or save companies a lot of money and will directly hit their profit. This requires real-time copper LME pricing information, enabling these companies to respond quickly to price fluctuations on the market.


LME-PRICES COPPER (25/01/19)

 

CLOSE

VOL

Cash

5894

1

TOM

6101

5

3 month

5922

21326

15 month

5971

 

27M

5997.5

 

63M

6029.5

 

123M

6029.5

 

LME-PRICES COPPER EUR (25/01/19)

 

CLOSE

Cash

5196.6

TOM

5379.1

3 month

5221.3

15 month

5264.5

27M

5287.9

63M

5316.1

123M

5316.1

SETTLEMENTS (25/01/19)

 

COPPER

CHG

HIGH

LOW

LIMIT HI

LIMIT LO

JAN 19

2.6670

0.0545

2.7835

2.7185

2.9285

2.5285

FEB 19

2.6740

0.0530

2.7885

2.73

2.9355

2.5355

MAR 19

2.6780

0.0530

2.8170

2.72

2.9390

2.5390

APR 19

2.6845

-0.014

2.7325

2.7325

2.9460

2.5460

MAY 19

2.6890

0.0520

2.8240

2.7460

2.95

2.55

JUN 19

2.6955

-0.012

2.7450

2.7450

2.9565

2.5565

JUL 19

2.6985

0.0490

2.83

2.7485

2.9595

2.5595

AUG 19

2.7045

-0.016

2.75

2.75

2.9660

2.5660

SEP 19

2.7070

0.0580

2.8270

2.7525

2.9680

2.5680

OCT 19

2.7130

-0.015

2.7590

2.7590

2.9740

2.5740

NOV 19

2.7160

-0.040

2.7370

2.7370

2.9770

2.5770

DEC 19

2.7170

0.0455

2.8380

2.7970

2.9775

2.5775

JAN 20

2.7230

0.0415

2.8250

2.8250

2.9835

2.5835

FEB 20

2.7255

0.1

2.8680

2.8655

2.9860

2.5860

MAR 20

2.7265

0.0830

2.8270

2.8270

2.9865

2.5865

APR 20

2.7305

0.1155

 

 

2.9905

2.5905

MAY 20

2.7330

0.02

2.8130

2.8120

2.9930

2.5930

JUN 20

2.7365

 

 

 

2.9965

2.5965

JUL 20

2.7385

 

 

 

2.9985

2.5985

AUG 20

2.7415

 

 

 

3.0015

2.6015

SEP 20

2.7430

 

 

 

3.0030

2.6030

OCT 20

2.7450

 

 

 

3.0050

2.6050

NOV 20

 

 

 

 

 

 

DEC 20

2.7485

0.4265

 

 

3.0085

2.6085

SHFE (25/01/19)

 

CLOSE

HIGH

LOW

VOL

JAN 19

7192.2

7212.5

7160.4

47068

FEB 19

7192.2

7212.5

7164.8

5968

MAR 19

7196.6

7234.1

7169.1

1466

APR 19

7212.5

7221.1

7177.8

328

MAY 19

7216.8

7235.6

7192.2

326

JUN 19

7241.4

7241.4

7205.2

26

JUL 19

7241.4

7250.0

7212.5

60

AUG 19

7257.3

7263.1

7221.1

260

SEP 19

7254.4

7254.4

7238.5

22

OCT 19

7274.6

7281.9

7242.8

30

NOV 19

 

 

 

 

DEC 19

 

 

 


Recent News

Brass Fittings Manufacturers Offer the Best Fittings Solutions
Feb 13 , 2019
For any industry – mainly oil and gas and petrochemicals or even for the better water supply, different...
London Metal Exchange LME Copper Prices
Feb 02 , 2019
The copper market is constantly changing, besides product information there is a rapidly...
Why choose brass pipe fittings for drinking water pipelines?
Dec 19 , 2018
Do you want to replace the old pipe fittings with advanced and durable one? For plumbers and even for...

Contact

  • Address: Qinggang Industrial Zone, Fanhong, Hongchu 7#, Plant 2 and 5#, Yuhuan, Zhejiang, China
    Email: libin@klikkon.cn
    Mob:+86-13634068027 (24hours service)
    Phone/Fax:+86-13634068027
Top