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SHANGHAI, Nov. 15 (SMM) – SHFE 1401 copper contract prices opened RMB 380/mt lower at RMB 50,420/mt on Thursday. Some shorts booked profits, easing downward pressure on the contract. The metal climbed to RMB 50,660/mt before retreating and closed RMB 350/mt or 0.69% lower at RMB 50,450/mt. Trading volumes and positions contracted by 119,000 lots and 20,560 lots, respectively.
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