Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Nov. 22 (SMM) – SHFE 1402 copper contract prices opened RMB 150/mt lower at RMB 50,110/mt on Thursday, weighted down by falling LME copper overnight. SHFE 1402 copper contract fell to RMB 49,910/mt due to selloffs, but followed LME copper up in the afternoon and rose further to RMB 50,380/mt after investors closed short positions. The contract ended the day up RMB 20/mt or 0.04% at RMB 50,280/mt. Trading volumes and positions were up 19,990 lots and 16,878 lots, respectively. Despite the rally, bearish sentiment still lingers.
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