SHFE Copper Suffers a Loss of RMB 590/mt (Jul. 13, 2015)

SHANGHAI, Jul. 13 (SMM) – SHFE 1509 copper started at RMB 40,410/mt during last Friday evening session and ended down RMB 200/mt or 0.49% at RMB 40,520/mt, with the session low at RMB 40,260/mt and the session high at RMB 40,630/mt. Positions declined 626 with trading volumes totaling 150,000 lots.

The most trading contract tested a low of RMB 39,740/mt on Monday and closed the day at RMB 40,130/mt, falling RMB 590/mt or 1.45%. Trading volumes of SHFE 1509 copper dropped 271,000 lots while positions rose 4,808. Trading volume of SHFE 1510 copper were down 45,514 lots but positions grew 15,456.