SHANGHAI, Aug. 17 (SMM) – SHFE 1510 copper contract opened at RMB 39,270/mt last Friday night, and rose to RMB 39,510/mt, but then fell back to RMB 39,080/mt. The most active contract finally ended at RMB 39,240/mt, down by RMB 180/mt. Positions decreased 6,136, and trading volumes were around 150,000 lots.
SHFE copper moved lower to test RMB 38,930/mt but in the afternoon business regained some losses. Later, the red metal fell again and ended at RMB 39,150/mt, down by RMB 270/mt or 0.68%。Trading volumes grew 104 lots while positions dropped 18,018.