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Home / Metal News / SMM Brief on SHFE Copper Prices (2014-6-3)

SMM Brief on SHFE Copper Prices (2014-6-3)

Jun 3, 2014 17:11

Source:SMM

The night session was suspended Monday due to the Dragon Boat Festival holiday.

SHANGHAI, Jun. 3 (SMM) – The night session was suspended Monday due to the Dragon Boat Festival holiday. SHFE copper prices started significantly higher at RMB 48,730/mt on Tuesday, aided by a rebound in LME copper prices, but later fell after briefly touching a high of RMB 48,890/mt. The red metal hovered narrowly around RMB 48,650/mt during the afternoon trading session and closed up RMB 230/mt, or 0.47%, at RMB 48,690/mt. Traded volumes for the most active SHFE copper contract decreased 190,000 lots, while positions shed 2,672 lots on Tuesday.

SHFE copper prices

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Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 41,040/mt and then tested support at RMB 40,930/mt in Wednesday’s night session.

Jan 22, 2015 17:15

SMM Comments

SMM Base Metals Weekly Price Review and Forecast (Jan. 19-23, 2015)

Heavy selling led to significant fall across base metal markets last week.

Jan 20, 2015 11:18

SMM Comments

SHFE Copper Closes Up RMB 700/mt at RMB 41,770/mt (Jan. 19, 2015)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, fell briefly to RMB 40,750/mt after starting at RMB 40,850/mt.

Jan 19, 2015 17:22

SMM Comments

SHFE Copper Plummets RMB 2,170/mt at RMB 41,190/mt (Jan. 14, 2015)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, swung by less than RMB 200/mt after starting Tuesday’s night session at RMB 42,300/mt.

Jan 14, 2015 15:44

SMM Comments

SMM Base Metals Market Daily Review (2015-1-13)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started Monday’s night session at RMB 43,400/mt and later dipped to RMB 43,240/mt.

Jan 14, 2015 10:37

SMM Comments

SMM Base Metals Weekly Price Review and Forecast (Jan. 12-16, 2015)

Oil prices across the world fell further last week. Risks reemerged that Greece may exit the euro zone.

Jan 13, 2015 10:58

SMM Comments

SMM Base Metals Market Daily Review (2015-1-9)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 44,450/mt in Thursday’s night session.

Jan 12, 2015 10:01

SMM Comments

SMM Copper Market Daily Review (2015-1-9)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 44,450/mt in Thursday’s night session.

Jan 12, 2015 09:15

SMM Comments

SHFE copper Closes Down RMB 490/mt at RMB 44,250/mt (Jan. 9, 2015)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 44,450/mt in Thursday’s night session.

Jan 9, 2015 18:08

SMM Comments

SHFE Copper Finishes Up RMB 20/mt at RMB 44,680/mt (Jan. 8, 2015)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 44,650/mt in Wednesday’s night session.

Jan 8, 2015 17:56

SMM Comments

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SMM Brief on SHFE Copper Prices (2014-6-3)

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