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SMM Brief on SHFE Copper Prices (2014-6-6)
Jun 6,2014 19:01
CSTprice review forecast
Source: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.
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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