Home / Metal News / Precious Metals / SMM Brief on SHFE Copper Prices (2014-6-11)
SMM Brief on SHFE Copper Prices (2014-6-11)
Jun 11,2014 16:31CST
price review forecast
Source:SMM
The most active SHFE copper contract opened Tuesday’s night session at RMB 47,460/mt, meeting resistance at RMB 47,670/mt, and finished up RMB 100/mt at RMB 47,620 mt.

SHANGHAI, Jun. 11 (SMM) – The most active SHFE copper contract opened Tuesday’s night session at RMB 47,460/mt, meeting resistance at RMB 47,670/mt, and finished up RMB 100/mt at RMB 47,620 mt. During the night session, traded volumes for the most active contract fell to some 80,000 lots, and positions gained by 2,108 lots.

On Wednesday, SHFE copper prices rose to RMB 47,750/mt after testing a low at RMB 47,410/mt, and advanced to an intraday high of RMB 47,960/mt at the tail of the trading before ending up RMB 340/mt, or 0.72%, at RMB 47,860/mt. Traded volumes for the most active contract contracted by 14,290 lots, and positions expanded by 868 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