SHANGHAI, Jun. 27 (SMM) – Prices for the most active SHFE copper contract rallied to RMB 49,700/mt after starting Thursday’s night session at RMB 49,540/mt, and ended up RMB 220/mt at RMB 49,630/mt. Trading volumes for the most active contract stood at around 150,000 lots, and positions surged by 10,766 lots.
On Friday, SHFE copper prices hovered mostly around RMB 49,600/mt, and finished up RMB 110/mt, or 0.22%, at RMB 49,520/mt. Trading volumes for the most active contract decreased by 47,052 lots, and positions gained by 5,606 lots.