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SMM Brief on SHFE Copper Prices (2014-7-7)
Jul 7,2014 16:54
CSTprice review forecast
Source: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.
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
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