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

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.