SHANGHAI, Jul.23 (SMM) – During Wednesday evening session, LME copper ended down 1.78%. SHFE 1509 copper started at RMB 39,150/mt and ended down RMB 600/mt or 1.51% at RMB 39,050/mt with the session high at RMB 39,280/mt and the session low at RMB 389,40/mt. Positions grew 7,016 and trading volumes totaled 160,000 lots.
On Thursday, the red metal touched a low of RMB 38,710/mt and then advanced to RMB 39,490/mt. In the afternoon, the contract moved narrowly around RMB 39,250/mt. SHFE 1509 copper ended at RMB 39,180/mt, down RMB 470/mt or 1.19%. Trading volumes of SHFE 1509 copper rose 380,740 lots with positions up 3,674.
SHFE 1510 copper shifted to the most active contract. SHFE 1510 copper touched a high of RMB 39,260/mt and a low of RMB 38,490/mt, to close at RMB 38,930/mt, falling RMB 420/mt or 1.07%. Trading volumes of SHFE 1510 copper were up 35,092 lots and positions jumped 7,154.