SHANGHAI, Jan. 30 (SMM) – SHFE 1404 copper contract prices fell after opening Tuesday’s night trading at RMB 51,100/mt since longs booked profits, and closed the session at RMB 50,870/mt, down RMB 90/mt. Traded volumes and positions for the most active SHFE copper contract remained stable, and support at RMB 50,800/mt was enhanced. The red metal started higher at RM 50,870/mt at Wednesday’s day trading and advanced to RMB 51,000/mt. In the afternoon, prices touched a high of RMB 51,140/mt before finally closing at RMB 51,060/mt, up RMB 100/mt or 0.2%. Traded volumes and positions for the most active SHFE copper contract fell by 43,652 lots and 13,520 lots, respectively.