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

Published: Jul 17, 2015 16:50

Save

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

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 to learn 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

6 mins ago

LME Aluminum Inventory Down 0.56% to 440,300 mt on March 17, Drops 8.56% Over Past Month

[SMM Aluminum Flash News] On March 17, LME aluminum inventory stood at 440,300 mt, down 2,500 mt from the previous day, a decrease of 0.56%; over the past week, LME aluminum inventory decreased by a cumulative 12,100 mt, a drop of 2.66%; over the past month, LME aluminum inventory decreased by a cumulative 41,200 mt, a decline of 8.56%.

6 mins ago

44 mins ago

The aluminum ingot market showed a mild recovery, while aluminum billet processing fees remained under pressure [SMM South China Spot Aluminum Daily Review]

44 mins ago

1 hour ago

SHFE Cast Aluminum Alloy Warrants Drop to 53,078 MT, Down 362 MT from Previous Day

[SMM Flash News] SHFE data showed that as of March 17, the total registered volume of cast aluminum alloy warrants was 53,078 mt, a decrease of 362 mt from the previous trading day. By region, the total registered volumes were Shanghai (4,508 mt, down 92 mt), Guangdong (18,792 mt, down 300 mt), Jiangsu (6,818 mt, up 392 mt), Zhejiang (17,338 mt, down 332 mt), Chongqing (4,114 mt, unchanged), and Sichuan (1,508 mt, down 30 mt).

1 hour ago