SHFE Copper Finishes Down RMB 820/mt as Investors Liquidate Positions (Aug. 6, 2014)

SHANGHAI, Aug. 6 (SMM) – The most active SHFE 1410 copper contract fluctuated by around RMB 150/mt after starting Tuesday’s night session at RMB 50,160/mt, dipping to RMB 50,040/mt, and ended down RMB 400/mt at RMB 50,140/mt. During the night session, trading volumes for the most active contract rose slightly to 110,000 lots, and positions added by 5,808 lots.

On Wednesday, SHFE copper prices managed to hover above the RMB 50,000/mt mark during the morning trading session, but dipped to RMB 49,710/mt subsequently to end down RMB 820/mt, or 1.62%, at RMB 49,720/mt. Trading volumes for the SHFE 1410 copper contract gained by 147,000 lots, and positions expanded by 3,074 lots.