SHANGHAI, May 11 (SMM) – SHFE 1507 copper contract prices opened at RMB 45,860/mt Friday night and closed up RMB 20/mt at RMB 45,910/mt, with a session high seen at RMB 46,030/mt and low-end price at RMB 45,660/mt. Positions declined 56 and trading volumes were around 130,000 lots.
The July-delivery copper dipped to a low of RMB 45,570/mt Monday and stayed near RMB 45,660/mt in the afternoon. The prices rose at the tail of trading and closed at RMB 45,790/mt, down RMB 100/mt. Trading volumes increased 24,164 lots, and positions dropped 5,514.