SHANGHAI, Apr. 8 (SMM) – SHFE 1506 copper contract gapped higher at RMB 43,550/mt during night session Tuesday, and touched a high of RMB 43,820/mt before ending at RMB 43,700/mt, up RMB 250/mt. Positions fell by 1,796 and trading volumes were around 130,000 lots.
The most active SHFE copper contract declined soon after starting on Wednesday, and touched a low of RMB 43,360/mt. In the afternoon, the red metal rallied to RMB 43,500/mt with Chinese stocks approaching 4,000, and closed the daytime trading at RMB 43,460/mt. Positions in the most active contract fell by 3,246, and trading volumes increased 156,000 lots.