SHFE June-delivery Copper Ends down RMB 260/mt (Apr. 23, 2015)

Published: Apr 23, 2015 18:08

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SHFE 1506 copper contract started lower at RMB 43,210/mt during night session Wednesday

SHANGHAI, Apr. 23 (SMM) – SHFE 1506 copper contract started lower at RMB 43,210/mt during night session Wednesday, and followed LME copper down after rising to RMB 43,390/mt briefly. The most active copper contract then dipped to RMB 42,960/mt and closed at RMB 43,010/mt, down RMB 240/mt. Positions in the most active contract declined 2,248 and trading volumes were only about 110,000 lots.

The most active SHFE copper contract moved around RMB 43,150/mt after opening on Thursday and slipped to RMB 42,670/mt in the afternoon due to selling pressures and China’s poor PMI data. The prices then rose slightly to close at RMB 42,990/mt, down RMB 260/mt. Trading volumes for the SHFE 1506 copper contract increased 88,126 lots and positions dropped 14,598. Trading volumes of SHFE 1507 copper contract soared 100,500 lots, while positions grew 24,236.

SHFE copper

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