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.