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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Oct. 29 (SMM) – Chinese A-shares lost 1.4% last week. SHFE copper followed LME copper trends, falling after initially rising, dragged down by liquidity shortages and the drops across financial market. SHFE copper prices fell below RMB 51,500/mt after meeting resistance at RMB 52,600/mt, and even as low as RMB 51,100/mt, before ending the week down 2%. The SHFE/LME copper price ratio fell significantly, while positions for SHFE copper increased. Some investors now intend to sell goods to avoid further losses.
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