SHANGHAI, Jul. 29 (SMM) – SHFE 1510 copper contract started higher at RMB 38,190/mt for night trading Tuesday and soon rose to RMB 38,930/mt and closed at RMB 38,690/mt, up RMB 840/mt. Positions decreased 5,400 and trading volumes were about 180,000 lots.
SHFE copper touched an intra-day high of RMB 39,400/mt during Wednesday trading session but later retreated some gains to fell below RMB 39,000/mt. The red metal finally ended at RMB 38,810/mt, growing RMB 960/mt or 2.54%. Trading volumes jumped 128,000 lots while positions decreased 9,262.