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SMM Brief on SHFE Copper Prices (2014-4-8)
Apr 8,2014 17:19CST
price review forecast
Source:SMM
The most active SHFE 1407 copper contract price opened RMB 50/mt higher at RMB 46,550/mt, and only fell to a low of RMB 46,500/mt due to strength in LME copper prices.

SHANGHAI, Apr. 8 (SMM) – The most active SHFE 1407 copper contract price opened RMB 50/mt higher at RMB 46,550/mt, and only fell to a low of RMB 46,500/mt due to strength in LME copper prices and a 2% rebound in the Shanghai Composite Index. The red metal rallied to a high of RMB 46,870/mt during the afternoon trading session, and ended Tuesday up RMB 230/mt, or 0.49%, at RMB 46,730/mt. Traded volumes shed by 189,000 lots, while positions lost by 5,638 lots.
 

SHFE copper prices

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