SHFE 1505 Copper Finishes at RMB 46,020/mt on its Last Trading Day (May 15, 2015)

Published: May 15, 2015 16:19

Save

SHFE 1505 copper contract closed up RMB 30/mt at RMB 46,020/mt on its last trading day, with positions at 12,920.

SHANGHAI, May 15 (SMM) –SHFE 1507 copper contract prices opened at RMB 46,000/mt Thursday night, and tested a low of RMB 45,770/mt before ending at RMB 45,560/mt, down RMB 800/mt. Positions increased 6,130 and trading volumes dropped below 100,000 lots.

The most active SHFE copper contract dipped to RMB 45,770/mt early Friday but then regained the losses to end the daytime trading at RMB 46,040/mt, up RMB 40/mt. SHFE 1507 copper contract positions grew 2,048, and trading volumes declined 59,560 lots.

SHFE 1505 copper contract closed up RMB 30/mt at RMB 46,020/mt on its last trading day, with positions at 12,920.

SHFE copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn