SHANGHAI, May 6 (SMM) – SHFE 1507 copper contract prices started higher at RMB 46,170/mt Wednesday night and tested RMB 45,650/mt with investors taking profits. But the July-delivery copper rallied quickly at the tail of the session and regained most of earlier losses to end down RMB 110/mt at RMB 45,980/mt. Trading volumes were about 174,926 lots and positions declined 12,894.
The July-delivery copper moved around RMB 45,700/mt Thursday morning and edged higher in the afternoon to end at RMB 45,860/mt, down RMB 230/mt. Trading volumes fell another 112,000 lots, and positions were down 16,984.