SHANGHAI, Jun. 16 (SMM) – SHFE 1508 copper contract prices started at RMB 42,050/mt for night trading Tuesday and dipped to a low of RMB 41,730/mt before closing at RMB 41,770/mt, down RMB 400/mt.
The most active SHFE copper contract met resistance from RMB 42,000/mt on Wednesday and moved mainly around RMB 41,800/mt in the morning. The prices finally ended at RMB 41,810/mt, down RMB 360/mt. Positions shrank by 6,032 and trading volumes dropped 20,692 lots. SHFE 1509 copper contract positions increased 6,296.