• EN
    • ES
  • About YIEH
  • About YIEH
    • About Us
    • Vision & Values
    • Affiliate Companies
    • Office Branch
    • Privacy Policy
    • Certificates
  • Products
    • Stainless Steel
    • Stainless Steel Hot Rolled Coil
    • Stainless Steel Cold Rolled Coil
    • Stainless Steel Strip
    • Stainless Steel Plate
    • Stainless Steel Checker Plate
    • Stainless Steel Sheet
    • Pre-painted Stainless Steel Coil / Sheet
    • Carbon Steel
    • Carbon Steel Hot Rolled Coil / Strip / Plate / Sheet
    • Carbon Steel Cold Rolled Coil / Strip / Sheet
    • Coated Steel
    • Hot-dip Galvanized Steel
    • Hot-dip Galvalume Steel / Hot-dip Galfan Steel (GL / GF)
    • PPGI / PPGL / PPGF
    • Electro Galvanized Steel (EGI)
    • Aluminum
    • Aluminum Sheet
    • Aluminum Plate
    • Aluminum Coil and Strip
    • Aluminum Foil
    • Aluminum Checker Plate
    • Aluminum Embossed Coil
    • Aluminum Disc
    • Aluminum Customized Profile
    • Aluminum Architectural Profile
    • Aluminum Industrial Profile
    • Aluminum Channel
    • Color Coated Aluminum Coil / Sheet
    • Pipe/ Tube
    • Stainless Steel Welded Pipes / Tubes
    • Stainless Steel Seamless Pipes / Tubes
    • Carbon Steel Welded Pipes / Tubes
    • Carbon Steel Seamless Pipes / Tubes
    • Alloy Steel Seamless Pipes / Tubes
    • High Steel Grade Line Pipes
    • Aluminum Tube / Pipe
    • Bar
    • Stainless Steel Bar
    • Carbon Steel Bar
    • Hot Rolled Reinforcing Bar
    • Special Steel Bar
    • Aluminum Angle Bar
    • Aluminum Flat Bar
    • Aluminum Square Bar
    • Aluminum Round Bar
    • Wire Rod
    • Stainless Steel Wire Rod
    • Stainless Steel Wire
    • Carbon Steel Wire Rod
    • Galvanized Steel Wire Ropes
    • PVC Coated Galvanized Wire Ropes
    • Ungalvanized Steel Wire Ropes
    • Others
    • Silicon Steel
    • Titanium / Nickel & Alloy
    • Abrasion Resistant Steel
    • Micro-Alloyed Steel
    • Seamless and Welded Butt Weld Fitting
    • Forged Flanges
    • Stainless Steel Screws-YCS 550
  • Steel News

    Yieh Steel Market News

    LME Official Price Info

    Top Headline

    South Korea implements final AD duties on Vietnam’s cold-rolled stainless steel
  • Customer Service
  • Marketing Platforms

    Coil Exchange Center

    CEC Q&A

    Why YIEH's Offer

    YIEH's Offer

  • Register
  • Inquiry
  • Catalogue
  • Privacy
    Catalogue Inquiry
    English Español

Steel News

We strive to let you one step ahead of the market.

Home Steel News Copper future price rises by 2.5% on active purchase in China before Chinese New Year
  • Topic
  • Region
The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others
Asia & Pacific China Middle East & Central Asia Europe Africa North America South & Central America Global

Copper future price rises by 2.5% on active purchase in China before Chinese New Year

16 Feb 2018 15:12 reported by Alston Tsai

A A A
The prices of LME base metals closed at the high level. Copper futures rose by 2.5%, continuing the recent rebounding trend, and nickel three-month futures soared to the highest level in two and a half year. The weak US dollar of metal prices was much cheaper for overseas buyers.

Copper three-month futures increased by US$175/ton to close at US$7,163/ton on February 14th, which was the highest level in a week and closed to a four-year high of US$7,312.50/ton hit last month.

On February 14th, the copper inventories edged up and the price was up by more than 5%. Regarding nickel three-month futures, it broke the long-term downtrend. The surge in the imports from China, tight supply and the interest of marketing fund were expected to support the nickel price.

Chinese financial markets would be closed due to Chinese New Year, and the trading would resume on February 22nd. Therefore, the marketing activity slowed.

Economists mentioned that RMB currency ratio against US dollar would erase purchasing strength in the market since the beginning of the year with overall rebounding trend.

Back to Steel News

Related News

US scrap exports rise by 17.3% in May m-o-m

  • Raw Materials
  • 14 Jul 2025 15:05

US reports surge in pig iron imports in May

  • Raw Materials
  • 14 Jul 2025 15:04

Short-term steel prices rebound persist, iron ore to stay in high & volatile range

  • Raw Materials
  • 14 Jul 2025 14:38

Iron ore prices on Jul 10 hit one-&-half month high

  • Raw Materials
  • 11 Jul 2025 15:43

Ukraine's scrap exports in May rise sharply y-o-y

  • Raw Materials
  • 11 Jul 2025 15:35

Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug14,50015,00015,50016,000
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2500260027002800
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug23002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug900092509500975010,00010,250
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,742.00
  • 2,748.00
  • Aluminum
  • 2,591.00
  • 2,592.50
  • Copper
  • 9,637.00
  • 9,640.00
  • Nickel
  • 14,950.00
  • 15,150.00

Learn more

No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan, 82445 R.O.C.

About YIEH Register Inquiry EN ES
Copyright © Yieh Corp. All Rights Reserved.