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[Cu Price] SHFE Copper Finishes with Losses (Aug. 7, 2015)
Aug 7,2015 18:28CST
price review forecast
Source:SMM
SHFE 1510 copper contract opened at RMB 37,880/mt Thursday night.

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.

SHFE copper prices
Cu price

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