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SMM Brief on SHFE Copper Prices (2014-4-24)
Apr 24,2014 17:32CST
price review forecast
Source:SMM
The most active SHFE copper contract price started Wednesday’s night session at RMB 46,660/mt, swinging by only RMB 100/mt.

SHANGHAI, Apr. 24 (SMM) – The most active SHFE copper contract price started Wednesday’s night session at RMB 46,660/mt, swinging by only RMB 100/mt, and subsequently tracked LME copper prices up to close RMB 130/mt higher at RMB 46,760/mt. Traded volumes hovered around 100,000 lots, while positions remained essentially unchanged. On Thursday, SHFE copper prices rallied above the RMB 47,000/mt mark, helped by LME copper prices, and later advanced further to a high of RMB 47,330/mt before ending up RMB 620/mt, or 1.33%, at RMB 47,250/mt. Traded volumes and positions for the most active SHFE copper contract soared 80,118 lots and 13,916 lots, respectively. Totaled traded volumes added 142,000 lots, but total positions shed 3,088 lots.
 

SHFE copper prices

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