SHANGHAI, May 18 (SMM) – SHFE 1507 copper contract prices opened at RMB 45,850/mt for night session last Friday, and dipped to a low of RMB 45,750/mt. The prices then climbed to RMB 46,040/mt to end the session at RMB 45,970/mt, up RMB 40/mt. Positions increased 942 and trading volumes remained below 100,000 lots.
The most active SHFE copper contract remained stable Monday morning but rose to RMB 46,190/mt in the afternoon, to end the daytime trading at RMB 46,110/mt, up RMB 180/mt. SHFE 1507 copper contract positions grew 278, and trading volumes increased 7,946 lots.