Home / Metal News / Nickel / SMM Brief on SHFE Copper Prices (2014-6-10)
SMM Brief on SHFE Copper Prices (2014-6-10)
Jun 10,2014 16:29CST
price review forecast
Source:SMM
The most active SHFE copper contract tracked LME lead prices up slightly after starting Monday’s night session at RMB 47,620/mt, but then encountered resistance at RMB 47,670/mt.

SHANGHAI, Jun. 10 (SMM) – The most active SHFE copper contract tracked LME lead prices up slightly after starting Monday’s night session at RMB 47,620/mt, but then encountered resistance at RMB 47,670/mt before ending down RMB 60/mt at RMB 47,620/mt. During the night session, traded volumes for the most active contract reached some 160,000 lots, while positions gained by 5,900 lots.

On Tuesday, SHFE lead prices initially found brief support at RMB 47,360/mt, and later rebounded some to close down RMB 200/mt, or 0.42%, at RMB 47,480/mt. Traded volumes for the most active contract decreased by 266,000 lots, and positions contracted by 6,774 lots.
 

SHFE copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news