SHANGHAI, Aug. 19 (SMM) –As the European and American equity markets slid and LME copper prices tumbled overnight, SHFE 1111 copper contract prices, the most active one, opened down RMB 990/mt at RMB 65,980/mt on Friday, with prices fluctuating around the daily moving average during the whole trading day. SHFE three-month copper contract prices mainly fluctuated around RMB 66,200/mt, and the low level was at RMB 65,960/mt. The most actively-traded copper contract prices finally closed at RMB 66,350/mt, down RMB 620/mt or a loss of 0.93%. Positions for the most actively-traded copper contracts were up 16,292 lots, while trading volumes were down 15,698 lots. SHFE three-month copper contract prices declined slower than LME copper prices, with support at RMB 66,000/mt in the near term. Based on daily position holdings from the longs and shorts, shorts were slightly strong. SHFE three-month copper contract prices were expected to fluctuate further.