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Home / Metal News / [Cu Price]SHFE Copper Meets Resistance at RMB 40,650/mt (Jul. 17, 2015)

[Cu Price]SHFE Copper Meets Resistance at RMB 40,650/mt (Jul. 17, 2015)

Jul 17, 2015 16:50

Source:SMM

SHFE 1509 copper started Thursday evening session at RMB 40,430/mt.

SHANGHAI, Jul. 17 (SMM) – SHFE 1509 copper started Thursday evening session at RMB 40,430/mt and closed up RMB 50/mt or 0.12% at RMB 40,480/mt with the high-end price at RMB 40,560/mt and low-end price at RMB 40,360/mt. Positions posted a rise of 384 and trading volumes totaled 136,000 lots.

The most trading contract reached RMB 40,650/mt on Friday but rolled back some gains later, to end at RMB 40,480/mt, growing RMB 50/mt or 0.12%. Trading volumes slipped 157,000 lots and positions fell 2,440.

SHFE copper prices

Cu price

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LME copper will see weak trading and range USD 4,650-4,690/mt during Asian trading hours Tuesday.

May 31, 2016 10:00

SMM Comments

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LME copper should be set for stability and range USD 4,760-4,795/mt during Asian trading hours Wednesday.

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SMM Comments

LME Copper to Look for Price Floor (2016-4-8)

LME copper may fall further to USD 4,640-4,690/mt during Asian trading hours Friday after slipping below the 60-day moving average.

Apr 8, 2016 09:16

SMM Comments

SHFE Copper Suffers a Loss of RMB 520/mt (Dec. 16, 2015)

SHFE 1602 copper moved around RMB 35,550/mt after opening Tuesday evening session at RMB 35,450/mt.

Dec 16, 2015 16:34

SMM Comments

Spot Copper Offered at Premiums of RMB 0-60/mt (Aug. 17, 2015)

In Shanghai market, spot copper quoted RMB 0-60/mt higher than SHFE 1508 copper on Monday.

Aug 17, 2015 15:05

SMM Comments

[Cu Price] SMM Copper Market Daily Review (2015-7-29)

SHFE copper touched an intra-day high of RMB 39,400/mt during Wednesday trading session but later retreated below RMB 39,000/mt.

Jul 30, 2015 09:22

SMM Comments

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October copper on the SHFE moved around RMB 38,000/mt during morning session Tuesday and in the afternoon the contract shrank to RMB 37,900/mt before closing at RMB 38,040/mt.

Jul 29, 2015 09:23

SMM Comments

[Cu Price]SHFE Copper Touches a Low of RMB 39,070/mt (Jul. 22, 2015)

SHFE 1509 copper advanced to RMB 40,110/mt after opening Tuesday evening session at RMB 39,850/mt.

Jul 22, 2015 15:53

SMM Comments

[Cu Price] SMM Copper Market Morning Review (2015-7-20)

LME copper price dipped to USD 5,458/mt at one point last Friday due to rising US dollar index and closed down USD 64/mt at USD 5,482/mt.

Jul 20, 2015 10:04

SMM Comments

[Cu Price] SMM Copper Market Daily Review (2015-7-17)

SHFE 1509 copper contract reached RMB 40,650/mt on Friday but rolled back some gains later, to end at RMB 40,480/mt

Jul 20, 2015 09:55

SMM Comments

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[Cu Price]SHFE Copper Meets Resistance at RMB 40,650/mt (Jul. 17, 2015)

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