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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Oct. 17 (SMM) – Copper for delivery in January on the Shanghai Futures Exchange (SHFE), opened RMB 20/mt higher at RMB 52,200/mt on Wednesday. The contract then fell back after hitting a high of RMB 52,470/mt given a 2.2% decline in the Shanghai Composite Index, and stayed below the daily moving average in the afternoon session. Finally, SHFE 1401 copper contract closed the day out at RMB 52,220/mt, up RMB 40/mt or 0.08%. Trading volumes and positions increased by 98,194 lots and 4,054 lots, respectively. Support at the daily moving average is to be tested repeatedly.
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