SHFE Copper Suffers Losses of 0.93% (Aug. 14, 2015)

SHANGHAI, Aug. 14 (SMM) – SHFE 1510 copper contract opened at RMB 39,470/mt Thursday night, and moved between RMB 39,330-39,580/mt before finishing at RMB 39,400/mt, down by RMB 220/mt. Positions decreased 3,462, and trading volumes were around 160,000 lots.

SHFE copper moved lower to test RMB 38,220/mt on Friday and finally ended down RMB 370/mt at RMB 39,250/mt, off 0.93%. Trading volumes declined 171,000 lots with positions totaling 6,460.