SHANGHAI, Aug. 6 (SMM) – SHFE 1510 copper contract started at RMB 38,170/mt for Wednesday night, and fell to RMB 37,830/mt before ending at RMB 37,930/mt, down by RMB 200/mt. Positions grew 7,104, and trading volumes were about 131,000 lots.
Along with Chinese stock rallies, market sentiment improved slightly on Thursday. SHFE copper rebounded from low to regain early losses and soared to RMB 38,200/mt. In the afternoon business, the red metal fell back and closed at RMB 38,050/mt, down by RMB 80/mt or 0.21%. Trading volumes slipped 7,716 lots while positions upped 1,558.