SHANGHAI, May 14 (SMM) – SHFE 1507 copper contract prices opened slightly lower at RMB 46,180/mt Wednesday night and fluctuated down to RMB 45,860/mt. The prices ended the night session at RMB 46,020/mt, down RMB 60/mt. Positions dropped 2,642 and trading volumes were about 135,000 lots.
The most active SHFE copper contract hovered near RMB 45,900/mt Thursday and tested a low of RMB 45,770/mt before closing the daytime trading, down RMB 10/mt. SHFE 1507 copper contract positions decreased 6,202, and trading volumes grew 13,036 lots.