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

Jun 6, 2014 19:01

The most active SHFE copper contract started Thursday’s night session at RMB 48,070/mt, and closed up RMB 220/mt at RMB 48,280/mt.

SHANGHAI, Jun. 6 (SMM) – The most active SHFE copper contract started Thursday’s night session at RMB 48,070/mt, and closed up RMB 220/mt at RMB 48,280/mt. During the night session, traded volumes for the most active contract totaled around 130,000 lots, while positions lost 1,212 lots.

On Friday, SHFE copper prices hovered mostly around RMB 48,300/mt, meeting resistance at RMB 48,360/mt, and finished up RMB 200/mt, or 0.42%, at RMB 48,260/mt. Traded volumes for the most active contract shed 64,122 lots, while positions decreased 12,630 lots.

SHFE copper prices

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

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