Home / Metal News / Zinc / SMM Brief on SHFE Copper Prices (2013-6-27)
SMM Brief on SHFE Copper Prices (2013-6-27)
Jun 27,2013 15:42CST
price review forecast
Source:SMM
With LME copper fluctuating weakly overnight, SHFE 1310 copper contract opened RMB 160/mt lower at RMB 48,300/mt on Thursday.

SHANGHAI, Jun. 27 (SMM) – With LME copper fluctuating weakly overnight, SHFE 1310 copper contract opened RMB 160/mt lower at RMB 48,300/mt on Thursday. The most active SHFE copper contract bounced back from lows thanks to dip-buying, but still failed to break through RMB 48,920/mt. In the afternoon, SHFE copper for October delivery hovered around the daily moving average before closing at RMB 48,780/mt, up RMB 320/mt or 0.66%. Trading volumes contracted 146,000 lots and positions were also down 33,122 lots. SHFE copper has not yet completely shaken off technical resistance and may move lower again.


 

latest SHFE copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn