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.
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