[Cu Price]SHFE Copper Rebounds from Low (Aug. 5, 2015)

SHANGHAI, Aug. 5 (SMM) – SHFE 1510 copper contract started at RMB 38,330/mt for Tuesday’s night session, and finished RMB 310/mt higher at RMB 38,280/mt, with high-end price at RMB 38,430/mt and low-end at RMB 38,160/mt. Positions grew 2,288, and trading volumes were about 109,000 lots.

SHFE copper slipped to RMB 38,000/mt in response to falling LME copper during Wednesday trading session. Later, the price touched a low of RMB 37,860/mt. In the afternoon, the most active contract rallied and finally closed the day at RMB 38,120/mt, jumping RMB 150/mt or 0.4%. Trading volumes slipped 136,000 while positions were up 9,066.