SHANGHAI, Aug. 13 (SMM) – SHFE 1510 copper opened with a positive gap at RMB 39,500/mt overnight and then advanced to RMB 39,970/mt before closing at RMB 39,810/mt, jumping RMB 890/mt or 2.29%. Positions fell 10,188 and trading volumes totaled 250,000 lots.
SHFE copper drifted down immediately after the open of Thursday trading session and then found support at RMB 39,200/mt. Near the session’s end, the red metal grew and closed at RMB 39,580/mt, gaining RMB 660/mt or 1.7%. Trading volumes fell 199,000 lots and positions dropped 26,444.