SHANGHAI, Apr. 7 (SMM) – SHFE 1506 copper contract started at RMB 43,300/mt on Tuesday, and climbed quickly as the weak nonfarm payroll data released last week weighed down the US dollar index. The most active SHFE copper then moved between the 5 and 10-day moving averages, and suffered selling pressure at RMB 43,560/mt. In the afternoon, the red metal finished at RMB 43,480/mt, up RMB 150/mt, or 0.35%.
Positions in the most active contract increased 3,848, and trading volumes declined 157,000 lots.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
