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

Published: May 4, 2015 18:47

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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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