SHANGHAI, Aug. 12 (SMM) – SHFE 1510 copper opened lower at RMB 39,220/mt for night trading Tuesday and finally closed at RMB 38,810/mt, down by RMB 70/mt, off 0.18%. Trading volumes were 359,000 lots and positions declined 3,372.
Copper for October delivery moved around RMB 38,900/mt on Wednesday with SHFE/LME copper price ratio above 7.65. In the afternoon business, SHFE copper touched a high of RMB 39,500/mt and ended at RMB 39,350/mt, up by RMB 470/mt or 1.21%. Trading volumes of the October copper dropped 31,956 lots and positions fell 10,204. Trading volumes of copper futures totaled 195,000 lots and positions slipped 19,002.