SHANGHAI, Apr. 22 (SMM) – SHFE 1506 copper contract started lower at RMB 43,180/mt during night session Tuesday, and stabilized at RMB 43,250/mt. The June-delivery copper closed at RMB 43,200/mt after touching a session-high of RMB 43,360/mt, down RMB 160/mt. Positions in the most active contract declined 100 and trading volumes were only about 80,000 lots.
The most active SHFE copper contract dipped to a low of RMB 43,080/mt after opening on Wednesday and increased to RMB 43,350/mt at midday. In the afternoon, the prices touched a high of RMB 43,430/mt helped by rallying stock market and ended down RMB 50/mt at RMB 43,310/mt. Trading volumes for the SHFE 1506 copper contract decreased 63,910 lots and positions dropped 10,270. Trading volumes of SHFE 1507 copper contract fell by 16,226 lots, while positions grew 10,558.
SHFE June-delivery Copper Ends down RMB 50/mt (Apr. 22, 2015)
The most active SHFE copper contract dipped to a low of RMB 43,080/mt after opening on Wednesday and increased to RMB 43,350/mt at midday.
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