Copper - Forecast

Copper is expected to trade at 2.57 USd/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.29 in 12 months time.



Forecast Data Chart
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Energy Price Day Q4/18 Q1/19 Q2/19 Q3/19
Crude Oil 69.3083 0.13 -0.19% 69.8700 66.1900 62.7100 59.4100
Brent 79.8331 0.23 -0.29% 73.8612 70.0119 66.3652 62.9056
Natural gas 3.2087 0.05 -1.42% 2.6281 2.3970 2.1864 1.9942
Gasoline 1.9083 0.01 -0.36% 1.9367 1.7695 1.6164 1.4769
Heating oil 2.3051 0.01 -0.25% 2.0522 1.9427 1.8389 1.7407
Ethanol 1.2561 0.00 -0.24% 1.3284 1.2576 1.1907 1.1275
Naphtha 672.36 2.07 0.31% 623.00 595.29 568.82 543.46
Propane 0.99 0.01 -0.59% 0.88 0.82 0.75 0.70
Uranium 27.6000 0.10 -0.36% 21.3045 19.7760 18.3600 17.0427

Metals Price Day Q4/18 Q1/19 Q2/19 Q3/19
Gold 1,228.11 0.99 0.08% 1,226.85 1,197.44 1,168.65 1,140.62
Silver 14.6369 0.05 0.34% 15.3526 14.7050 14.0847 13.4900
Platinum 830.00 4.50 0.55% 808.86 778.70 749.63 721.65
Palladium 1,080.50 10.00 0.93% 893.18 844.43 798.32 754.67
Rhodium 2,490.00 0.00 0.00% 2,160.11 2,064.74 1,973.43 1,886.20
Manganese 41.50 0.00 0.00% 36.07 34.23 32.49 30.83
Neodymium 407,500.00 0.00 0.00% 390,598.00 367,648.50 346,027.00 325,650.50

Agricultural Price Day Q4/18 Q1/19 Q2/19 Q3/19
Soybeans 856.0368 0.75 -0.09% 815.0000 782.0000 750.0000 720.0000
Wheat 515.5235 0.75 0.15% 520.0000 480.0000 450.0000 400.0000
Cotton 77.92 0.13 -0.17% 80.00 78.00 75.00 76.73
Rice 10.9354 0.10 -0.91% 11.0000 12.0000 12.5000 12.3100
Cheese 1.5740 0.00 0.06% 1.5500 1.4900 1.4300 1.3800
Palm Oil 2,125.00 10.00 -0.47% 2,400.00 2,500.00 2,300.00 2,440.00
Milk 15.55 0.00 0.00% 14.60 13.90 13.30 12.70
Rubber 147.40 1.00 0.68% 160.00 180.00 200.00 220.00
Orange Juice 139.50 3.30 -2.31% 155.00 140.00 135.00 130.00
Coffee 122.10 0.05 0.04% 95.00 90.00 100.00 116.30
Lumber 325.90 4.30 1.34% 490.00 500.00 520.00 500.00
Wool 1,970.00 0.00 0.00% 2,100.00 1,900.00 1,950.00 1,800.00
Canola 494.70 4.10 0.84% 560.00 540.00 480.00 475.00
Sugar 13.89 0.02 0.14% 11.00 12.00 13.00 12.40
Tea 3.36 0.07 2.13% 3.20 3.30 3.20 3.15
Cocoa 2,162.00 17.00 0.79% 2,350.00 2,200.00 2,500.00 2,550.00
Oat 294.2663 1.00 -0.34% 280.0000 250.0000 240.0000 240.0000
Corn 366.7562 0.25 -0.07% 330.0000 350.0000 320.0000 320.0000

Livestock Price Day Q4/18 Q1/19 Q2/19 Q3/19
Live Cattle 112.2500 0.83 -0.73% 100.0630 94.0592 88.4174 83.1055
Lean Hogs 51.6000 0.70 -1.34% 74.0380 65.4730 57.8958 51.1978
Poultry 4.40 0.00 0.00% 3.31 2.95 2.62 2.33
Feeder Cattle 154.8750 0.17 0.11% 145.5878 138.7118 132.1720 125.9378
Beef 10.16 0.06 -0.59% 9.18 8.96 8.75 8.54

Industrial Price Day Q4/18 Q1/19 Q2/19 Q3/19
Copper 2.7746 0.00 -0.07% 2.7236 2.5719 2.4286 2.2933
Bitumen 3,726.00 12.00 -0.32% 2,857.23 2,567.21 2,306.77 2,072.41
Steel 4,511.00 189.00 -4.02% 3,559.30 3,143.40 2,776.27 2,452.26
Cobalt 60,000 750.00 -1.23% 70,878 67,208 63,724 60,428
Coal 111.17 0.52 0.47% 107.38 102.35 97.57 92.99
Lead 1,975.00 6.00 -0.30% 2,245.71 2,114.03 1,990.22 1,873.57
Aluminum 2,003.00 10.00 -0.50% 1,984.94 1,879.50 1,779.72 1,685.18
Tin 19,170.00 145.00 0.76% 19,068.04 18,426.78 17,807.23 17,209.38
Zinc 2,626.00 57.50 -2.14% 2,700.90 2,564.66 2,435.53 2,312.66
Nickel 12,372.00 96.00 0.78% 13,256.89 12,243.54 11,309.12 10,445.04
Molybdenum 25,000.00 0.00 0.00% 24,325.00 23,667.50 23,030.00 22,407.50
Iron Ore 73.50 1.00 1.38% 62.26 57.85 53.75 49.95
Soda Ash 1,922.86 0.00 0.00% 1,943.82 1,858.64 1,777.33 1,699.47
Lithium 115.94 0.20 -0.17% 118.96 113.76 108.79 104.04

Index Price Day Q4/18 Q1/19 Q2/19 Q3/19
Baltic Dry 1,576.00 11.00 0.70% 1,338.58 1,214.01 1,100.95 998.51
CRB Index 203.35 0.57 0.28% 197.14 192.02 187.02 182.16
LME Index 2,979.20 0.00 0.00% 3,040.42 2,929.34 2,822.37 2,719.50
S&P GSCI 2,798.80 11.50 0.41% 2,681.33 2,589.42 2,500.57 2,414.78

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.