SHFE 1506 Copper Ends at RMB 42,700/mt on Last Trading Day (Jun. 15, 2015)

Published: Jun 15, 2015 17:58

Save

August-delivery SHFE copper contract dropped on Monday and touched RMB 42,170/mt in the afternoon before closing the daytime trading at RMB 42,210/mt.

SHANGHAI, Jun. 15 (SMM) – SHFE 1508 copper contract prices opened at RMB 42,590/mt for night trading last Friday and moved around RMB 42,820/mt before closing at RMB 42,770/mt, up RMB 50/mt.

August-delivery SHFE copper contract dropped on Monday and touched RMB 42,170/mt in the afternoon before closing the daytime trading at RMB 42,210/mt, down RMB 510/mt. Positions grew 2,752, and trading volumes declined 95,014 lots.

SHFE 1506 copper contract closed at RMB 42,700/mt on its last trading day, with positions at 4,490.

SHFE copper prices

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 for more information, please contact: lemonzhao@smm.cn

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

Related News

31 mins ago

[SMM Nickel Flash News] Daily Update — September 21, 2026

In terms of prices, Indonesian nickel ore CIF average prices remained at the latest assessed levels: 1.2% Ni: CIF average price at $27/wmt 1.4% Ni: CIF average price at $51.8/wmt 1.5% Ni: CIF average price at $58.5/wmt 1.6% Ni: CIF average price at $63.4/wmt Indonesia Policy & Market Update — September 21, 2026 The Indonesian nickel ore market remains cautious as market participants continue to monitor the progress of supplementary RKAB approvals. Additional approvals are gradually entering the market, but the total volume of supplementary quota has yet to be officially released. PT Vale Indonesia is also awaiting approval for additional RKAB quota for its operations, with the company having previously indicated that its initial allocation covered only part of its requested volume. Meanwhile, the revised nickel ore HPM formula, effective September 15, has lowered the HPM for low-grade limonite. The 1.2% Ni limonite HPM has fallen to $24.89/wmt, significantly below current market prices. Market attention is now focused on how additional RKAB supply and HPAL demand will affect limonite pricing and whether market prices will gradually move closer to the new HPM level. Overall, RKAB approvals, the release of additional quota and the response of HPAL and RKEF buyers remain the key factors to watch for the Indonesian nickel ore market in the near term.

31 mins ago

1 hour ago

Indonesian MHP Nickel and Cobalt FOB Prices Drop, High-Grade Nickel Matte Down $40/mt Ni

According to SMM data, on September 21, the FOB price of Indonesian MHP nickel fell by $199/mt Ni from the previous day, and the FOB price of Indonesian MHP cobalt fell by $723/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $40/mt Ni.

1 hour ago

[SMM Stainless Steel Flash] Indonesia Stainless Steel Prices Rise Across the Board by USD30/ton Today

According to SMM, stainless steel prices in Indonesia rose across the board by USD30/ton today. Latest prices are as follows: 304/2B coil mill edge (FOB) avg. USD2,142.50/t; 304/NO.1 coil mill edge (FOB) avg. USD2,032.50/t; 316L/2B coil mill edge (FOB) avg. USD4,242.50/t; 316L/NO.1 coil mill edge (FOB) avg. USD4,132.50/t.

1 hour ago