SHANGHAI, May 11 (SMM) – On Thursday, SHFE 1707 copper opened at RMB 44,810/mt and then declined to RMB 44,680/mt. As workers at Cerro Colorador announced to launch strike, the contract rallied to above the moving average with positions closing by shorts, up to as high as RMB 45,000/mt. Later, SHFE 1707 copper dropped back slightly. The contract advanced to RMB 45,330/mt with support at the moving average and ended at RMB 45,270/mt, up RMB 320/mt. Positions increased 3,764 to 201,000 and trading volumes rose 75,188 to 259,000 lots.
SHFE 1707 copper has further room to increase for the near term.
![구리 가격이 계속 상승했고, 시장 관망세가 짙었으며, 현물 프리미엄이 하락했다 [SMM 화남 전해동 현물 주간 리뷰]](https://imgqn.smm.cn/usercenter/HhNHP20251217171708.jpg)


