SHANGHAI, Jun. 1 (SMM) – SHFE 1508 copper contract prices started at RMB 44,010/mt during the night session last Friday and once fell to RMB 43,570/mt. The prices finished the session with a loss of RMB 480/mt at RMB 43,680/mt.
The August-delivery SHFE copper moved around RMB 43,720/mt early on Monday and closed down RMB 510/mt at RMB 43,650/mt. SHFE 1508 copper contract positions increased 12,390 and trading volumes grew 62,648 lots. Technical resistance enhanced.