SHFE Copper Rises on Encouraging Chinese Data (Oct. 28, 2014)

Oct 28, 2014 15:59

The most active SHFE 1501 copper contract started Monday’s night session at RMB 47,450/mt, and then slid to end up RMB 120/mt at RMB 47,310/mt.

SHANGHAI, Oct. 28 (SMM) – The most active SHFE 1501 copper contract started Monday’s night session at RMB 47,450/mt, and then slid to end up RMB 120/mt at RMB 47,310/mt. During the night session, trading volumes for the most active contract totaled some 110,000 lots, and positions gained by 6,354 lots.

On Tuesday, SHFE copper initially hovered around RMB 47,470/mt, and advanced to an intraday high of RMB 47,580/mt at the tail of the trading before finishing up RMB 350/mt at RMB 47,540/mt. Trading volumes for the SHFE 1501 copper contract shed by 4,656 lots, and positions added by 1,550 lots.

SHFE copper prices

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SHFE Copper Rises on Encouraging Chinese Data (Oct. 28, 2014)

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