SHANGHAI, Jun. 26 (SMM) – Prices for the most active SHFE copper contract rallied to a high of RMB 49,550/mt after starting Wednesday’s night session at RMB 48,950/mt, and ended up RMB 440/mt at RMB 49,460/mt. Trading volumes for the most active contract rose to around 150,000 lots, and positions surged by 15,842 lots.
On Thursday, SHFE copper prices advanced to as high as RMB 49,680/mt during the afternoon trading session, and finished up RMB 570/mt, or 1.16%, at RMB 49,590/mt. Trading volumes for the most active contract gained by 153,000 lots, and positions expanded by 15,106 lots.