SMM Brief on SHFE Copper Prices (2014-7-7)

Jul 7, 2014 16:54

Lead for August delivery, the most active contract, fluctuated mostly between RMB 14,035-14,035/mt during last Friday’s night session on the Shanghai Futures Exchange.

SHANGHAI, Jul. 7 (SMM) – Lead for August delivery, the most active contract, fluctuated mostly between RMB 14,035-14,035/mt during last Friday’s night session on the Shanghai Futures Exchange. During the night session, trading volumes were only 130 lots.

On Monday, SHFE copper prices dipped to RMB 14,000/mt during the morning trading session, and later extended losses to RMB 13,960/mt before ending down RMB 85/mt at RMB 14,000/mt. Trading volumes were only 638 lots, and positions were off 150 lots to 6,418 lots.

SHFE lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Brief on SHFE Copper Prices (2014-7-7)

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