Home / Metal News /  / SHFE 1507 Copper Tumbles RMB 260/mt (May 20, 2015)
SHFE 1507 Copper Tumbles RMB 260/mt (May 20, 2015)
May 20,2015 17:54CST
price review forecast
Source:SMM
The most active SHFE copper contract hovered near RMB 44,950/mt early Wednesday and dipped to a low RMB 44,610/mt in the afternoon before ending at RMB 44,760/mt.

SHANGHAI, May 20 (SMM) – SHFE 1507 copper contract prices gapped lower at RMB 45,320/mt for night session Tuesday, and dropped to RMB 44,710/mt before closing the session at RMB 44,810/mt, down by RMB 1,000/mt. Positions decreased 3,888 and trading volumes grew to about 210,000 lots. Technical indicators pointed to further decline in copper prices.

The most active SHFE copper contract hovered near RMB 44,950/mt early Wednesday and dipped to a low RMB 44,610/mt in the afternoon before ending at RMB 44,760/mt, down RMB 1,050/mt. SHFE 1507 copper contract positions declined 12,882, and trading volumes grew 15,100 lots. Positions of SHFE 1508 copper contract rose 18,712.
 

SHFE copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news