SHANGHAI, Nov. 12 (SMM) – SHFE 1601 copper started at RMB 37,170/mt for night trading Wednesday and moved around RMB 37,300/mt. The red metal touched a high of RMB 37,500/mt before ending at RMB 37,380/mt, gaining RMB 50/mt. Positions declined 9,028 to 208,518 and trading volumes were around 209,000 lots.
SHFE copper touched an intra-day low of RMB 37,200/mt and low of RMB 37,430/mt on Thursday in response to Chinese stock market, to end down RMB 20/mt or 0.05% at RMB 37,310/mt. Positions slumped 14,094 to 312,976 and trading volumes were around 430,000 lots.