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SMM Brief on SHFE Copper Prices (2014-3-28)
Mar 28,2014 17:10CST
price review forecast
Source:SMM
SHFE copper prices moved narrowly by less than RMB 100/mt swing after opening at RMB 46,020/mt, finding solid support at RMB 45,820/mt, and finished up RMB 40/mt at RMB 46,020/mt.

SHANGHAI, Mar. 28 (SMM) – SHFE copper prices moved narrowly by less than RMB 100/mt swing after opening at RMB 46,020/mt, finding solid support at RMB 45,820/mt, and finished up RMB 40/mt at RMB 46,020/mt during Thursday’s night session. During the trading hours, trading volumes stood at around 210,000 lots, while positions contracted by 2,106 lots. On Friday, SHFE copper prices followed LME copper prices up to an intraday high of RMB 46,620/mt, and closed up RMB 470/mt, or 1.02% at RMB 46,450/mt on Friday. Trading volumes increased by 75,620 lots, and positions contracted by 32,154 lots for the most active SHFE copper contract.

 

SHFE copper prices

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