Home / Metal News / SHFE Copper Ends down RMB 330/mt at RMB 47,240/mt (Oct. 10, 2014)

SHFE Copper Ends down RMB 330/mt at RMB 47,240/mt (Oct. 10, 2014)

iconOct 10, 2014 18:05
The most active SHFE 1412 copper contract surged to RMB 48,090/mt during Thursday’s night session after starting at RMB 47,630/mt, and closed up RMB 170/mt at RMB 47,740/mt.

SHANGHAI, Oct. 10 (SMM) – The most active SHFE 1412 copper contract surged to RMB 48,090/mt during Thursday’s night session after starting at RMB 47,630/mt, and closed up RMB 170/mt at RMB 47,740/mt. During the night session, trading volumes for the most active contract held steady at 190,000 lots, and positions gained by 4,914 lots.

On Friday, SHFE copper initially hovered around the RMB 47,500/mt mark, but fell to RMB 47,170/mt at the tail of the trading before finishing down RMB 330/mt, or 0.69%, at RMB 47,240/mt. Trading volumes for the SHFE 1412 copper contract added by 9,494 lots, and positions increased by 32,782 lots. Trading volumes for the SHFE 1501 lead contract rose by 43,576 lots, and positions expanded 29,712 lots.
 

SHFE copper 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news