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Copper Price Forecasts

Energy & Metals Consensus Forecasts is the result of a comprehensive quarterly survey of over 30 of the world’s most prominent commodity forecasters covering over 25 individual commodity price forecasts including copper.

The only publication of its kind, Energy & Metals Consensus Forecasts contains detailed consensus and individual analyst price forecasts for the next 10 quarters as well as the long-term outlook.

Copper Price Forecasts Image

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE). For example, the copper forecasts below are based on LME cash prices for Grade A copper.

Copper Price Forecasts From Survey of October 26, 2009
(US$/metric tonne)
Survey Date Spot Price US$6640/t Dec 09 Mar 10 Jun
10
Sep 10 % Change from spot Dec 10 Mar 11 Jun 11 Sep 11 Dec 11
Investec 5952 6393 7055 7275 9.6% Download the sample issue
Societe Generale 6850 6900 7000 7100 6.9% below to see the complete table
Macquarie Bank 7055 6614 7055 7055 6.2% of forecasts, price charts,
BIPE 5968 6565 6565 6893 3.8% and written analysis.
UBS 6393 7496 7716 6834 2.9%
Prometeia 6429 6777 7019 6834 2.9%
ABARE 6300 6450 6650 6800 2.4%
Morgan Stanley 6283 6393 6504 6614 -0.4%
Credit Suisse 6283 6173 6173 6614 -0.4%
Citigroup 5920 6150 6383 6595 -0.7%
National
Australia Bank
6059 6202 6335 6517 -1.9%
RBS 6504 6504 7055 6504 -2.1%
Bank of America 5500 6500 7500 6500 -2.1%
ANZ 6834 7054 6614 6393 -3.7%
Metal Bulletin Research 6220 6150 6400 6300 -5.1%
Scotiabank 6283 6614 6614 6063 -8.7%
Oxford Economics 6312 5955 5964 6045 -9.0%
Barclays Capital 6250 6500 6750 6000 -9.6%
Econ Intelligence Unit 5953 6063 6614 5953 -10.3%
Commonwealth Bank 5999 5758 5800 5883 -11.4%
Westpac 6200 6200 5600 5800 -12.7%
IHS Global Insight 6133 5905 5485 5568 -16.1%
Wilson HTM 6288 5952 5952 5512 -17.0%
Deutsche Bank 6724 6393 5512 4960 -25.3%
Consensus (Mean) 6279 6403 6513 6359 -4.2%
High 7055 7496 7716 7275 -
Low 5500 5758 5485 4960 -
Standard Deviation 344 395 593 566 -

The table above shows a portion of copper price forecasts taken from the October 2009 issue of Energy & Metals Consensus Forecasts. A complete sample issue of the publication, which also includes forecasts for Aluminium, Lead, Nickel, Tin and Zinc, as well as ferrous and precious metals, can be downloaded in PDF format by clicking the link below and registering your details.


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