Non-ferrous
Non-ferrous
Base Metals
Photovoltaic
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Oct. 30 (SMM) – SHFE 1401 copper contract price started RMB 10/mt lower at RMB 51,490/mt on Tuesday, as LME copper fell overnight. Massive selloff and falling Chinese A-share sent the red metal down to RMB 51,000/mt. SHFE 1401 copper contract, however, recouped earlier losses after short sellers closed positions, closing RMB 10/mt or 0.02% higher at RMB 51,510/mt. Trading volumes and positions were up 167,000 lots and 20,946 lots, respectively. SHFE copper for January delivery still faces downward pressure.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn