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SHFE Copper Ends up RMB 430/mt at RMB 47,070/mt (Oct. 22, 2014)
Oct 22,2014 15:57CST
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Source:SMM
The most active SHFE 1412 copper contract started Tuesday’s night session at RMB 47,100/mt, and then surged to RMB 47,330/mt before falling back to end up RMB 530/mt at RMB 47,060/mt.

SHANGHAI, Oct. 22 (SMM) – The most active SHFE 1412 copper contract started Tuesday’s night session at RMB 47,100/mt, and then surged to RMB 47,330/mt before falling back to end up RMB 530/mt at RMB 47,060/mt. Trading volumes for the most active contract totaled about 160,000 lots, and positions shrank by 3,836 lots.

SHFE copper initially struggled under RMB 47,200/mt, and slipped to RMB 46,930/mt before finishing up RMB 430/mt, or 0.92%, at RMB 47,070/mt. Trading volumes for the SHFE 1412 copper contract gained by 58,434 lots, and positions added by 10,154 lots.
 

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