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Home / Metal News / SHFE 1507 Copper Contract Up RMB 1,640/mt (May 4, 2015)

SHFE 1507 Copper Contract Up RMB 1,640/mt (May 4, 2015)

May 4, 2015 18:47

Source:SMM

SHFE 1507 copper gapped higher on Monday at RMB 45,330/mt and moved up on increasing anticipation for further monetary easing in China.

SHANGHAI, Apr. 30 (SMM) – SHFE 1507 copper gapped higher on Monday at RMB 45,330/mt and moved up on increasing anticipation for further monetary easing in China. The red metal touched a high of RMB 45,800/mt and finally closed at RMB 45,710/mt, up RMB 1,640/mt. Positions in the most active copper contract dropped 8,994 and trading volumes fell by 49,174 lots. Despite the sharp rise, copper prices still lacked buying support to extend rebound.

SHFE copper

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LME copper prices once fell below USD 6,100/mt Tuesday and ended down USD 65/mt at USD 6,117/mt, with the US dollar index up more than 1%.

May 27, 2015 09:56

SMM Comments

SMM Copper Market Daily Review (2015-5-13)

The most active SHFE copper contract stayed in a narrow range in most of Wednesday’s daytime trading, but rallied to RMB 46,390/mt at the tail of the session.

May 14, 2015 08:51

SMM Comments

SHFE 1507 Copper Ends up RMB 50/mt (May 12, 2015)

SHFE 1507 copper contract prices vacillated between RMB 45,600-45,830/mt after opening at RMB 45,690/mt Monday night.

May 12, 2015 18:03

SMM Comments

SMM Copper Market Daily Review (2015-4-13)

56% of market players are bullish that LME copper will rise to USD 6,100/mt and SHFE copper will climb above RMB 44,000/mt this week.

Apr 14, 2015 09:35

SMM Comments

SMM Copper Market Daily Review (2015-4-10)

The most active SHFE copper contract extended the strong momentum and touched RMB 43,600/mt on Friday.

Apr 13, 2015 09:52

SMM Comments

SMM Copper Market Daily Review (2015-4-9)

The most active SHFE copper contract met resistance at RMB 43,350/mt after opening Thursday’s daytime trading and slipped to RMB 43,000/mt.

Apr 10, 2015 09:45

SMM Comments

SHFE 1505 Copper Closes Down RMB 190/mt (Mar. 17, 2015)

SHFE 1505 copper contract met resistance at RMB 42,900/mt during Tuesday’s daytime trading and fell quickly after opening to RMB 42,600/mt.

Mar 18, 2015 09:17

SMM Comments

SMM Copper Market Morning Review (2015-3-13)

LME copper prices broke through resistance at the 30-day moving average and hit USD 5,884/mt Thursday before finishing at USD 5,843/mt, up USD 118/mt.

Mar 13, 2015 09:53

SMM Comments

May-Delivery SHFE Copper Rises to RMB 43,200/mt (Mar. 2, 2015)

SHFE 1505 copper contract fell to RMB 42,400/mt after starting Monday’s daytime trading.

Mar 2, 2015 15:48

SMM Comments

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SHFE 1507 Copper Contract Up RMB 1,640/mt (May 4, 2015)

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