Chile Commodities June 2016


Chile: Copper prices continue on a downward trend in June

Concerns over a slowdown in China—the world’s top consumer of copper—a strong U.S. dollar and oversupply have triggered a sell-off in copper and other major commodities. Prices for copper and several other commodities decreased last year and remained low in recent months. In fact, copper prices dropped to an over-six-year low in January. Thereafter, copper prices have been somewhat volatile, hovering around low levels.

After rising slightly during a brief period in February and March, copper prices have been on a downward trajectory since April. In June, copper prices averaged USD 2.11 per pound (equivalent to USD 4,642 per ton). This represented a 1.5% monthly decrease from May’s average copper price of USD 2.14 per pound. In annual terms, copper prices fell a steep 20.4% in June (May: -25.1% year-on-year), marking the 23rd consecutive fall. June’s drop mainly reflects persistent weakness in global demand, particularly from China.

Panelists participating in the LatinFocus Consensus Forecast expect copper prices to average USD 2.16 per pound in 2016 and USD 2.28 per pound in 2017.

Sample Report

Looking for forecasts related to Commodities in Chile? Download a sample report now.


Chile Commodities Chart

Chile Commodities June 2016

Note: Cash seller and settlement price.
Source: London Metal Exchange (LME).

Chile Economic News

  • Chile: Consumer confidence dips in January

    February 13, 2017

    The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) dropped from 40.1 points in December to 39.2 points in January, marking the first decline in five months.

    Read more

  • Chile: Inflation picks up in January

    February 8, 2017

    Consumer prices in Chile rose 0.5% in January compared to the previous month, contrasting December’s 0.2% fall and coming in substantially above analysts’ expectations of a 0.2% rise, marking the largest increase for 17 months.

    Read more

  • Chile: Business confidence rises in January

    February 6, 2017

    The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose to 44.9 points in January, a substantial improvement from December’s 41.5 points and marking the highest reading in eleven months.

    Read more

  • Chile: Economic activity rises in December

    February 6, 2017

    Economic activity in Chile rose 1.2% in December compared to the same month of the previous year, according to the Monthly Indicator for Economic Activity (IMACEC).

    Read more

  • Chile: Copper prices tick up in January

    February 1, 2017

    Copper prices rose slightly in January, building on the mild recovery in prices seen towards the end of 2016.

    Read more

More news

Search form