SHFE Copper Falls RMB 230/mt to RMB 47,050/mt (Oct. 27, 2014)

Oct 27, 2014 17:33

The most active SHFE 1501 copper contract started last Friday’s night session at RMB 47,430/mt, meeting resistance at RMB 47,500/mt.

SHANGHAI, Oct. 27 (SMM) – The most active SHFE 1501 copper contract started last Friday’s night session at RMB 47,430/mt, meeting resistance at RMB 47,500/mt. The price of the red metal slipped to RMB 47,200/mt, and ended down RMB 30/mt at RMB 47,250/mt. During the night session, trading volumes for the most active contract totaled some 130,000 lots, and positions added by 3,090 lots.

SHFE copper dipped as low as RMB 46,980/mt, and finished down RMB 230/mt, or 0.49%, at RMB 47,050/mt. Trading volumes for the SHFE 1501 copper contract expanded by 25,408 lots, and positions increased by 28,886 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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Copper Falls RMB 230/mt to RMB 47,050/mt (Oct. 27, 2014)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025