SHANGHAI, Aug. 7 (SMM) – SHFE 1510 copper contract opened at RMB 37,880/mt Thursday night, and once climbed to RMB 38,100/mt. The price then fell to RMB 37,790/mt due to slumping crude oil prices and selling pressure, and finished at RMB 37,880/mt, down by RMB 140/mt. Positions grew 2,368, and trading volumes were about 129,000 lots.
SHFE copper touched an intra-day high of RMB 37,840/mt and low of RMB 37,310/mt, to close at RMB 37,970/mt, down RMB 50/mt or 0.13%. Trading volumes of SHFE 1510 copper were up 182,000 lots while position fell 420. Trading volumes of copper futures grew 325,000 lots with positions up 644.