SHFE Copper Closes down 0.56% (Aug. 19, 2015)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • hydrogen stations
  • Nickel
  • Iron ore
  • trade negotiations

SHFE Copper Closes down 0.56% (Aug. 19, 2015)

Price Review & Forecast 03:46:53PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – The sharp fall in Chinese stock market triggered bearishness again on Tuesday. SHFE 1510 copper opened lower at RMB 38,700/mt  for night trading Tuesday and then touched a low of RMB 38,140/mt before closing at RMB 38,570/mt, falling RMB 400/mt or 1.03%. Trading volumes decreased 1,032 lots and positions were about 284,000. 

SHFE copper followed Chinese stocks to fluctuate on the weak side Wednesday. The contract hovered above RMB 38,470/mt and later advanced to RMB 38,780/mt thanks to Chinese stock rally, to close at RMB 38,750/mt, losing RMB 220/mt or 0.56%. Positions declined 5,438 to 216,376 while trading volumes were up 151,000.

SHFE 1511 copper contract ended the day at RMB 38,580/mt, down by RMB 210/mt. Positions saw a rise of 8,612 to 168,248.

 


SHFE Copper Closes down 0.56% (Aug. 19, 2015)

Price Review & Forecast 03:46:53PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – The sharp fall in Chinese stock market triggered bearishness again on Tuesday. SHFE 1510 copper opened lower at RMB 38,700/mt  for night trading Tuesday and then touched a low of RMB 38,140/mt before closing at RMB 38,570/mt, falling RMB 400/mt or 1.03%. Trading volumes decreased 1,032 lots and positions were about 284,000. 

SHFE copper followed Chinese stocks to fluctuate on the weak side Wednesday. The contract hovered above RMB 38,470/mt and later advanced to RMB 38,780/mt thanks to Chinese stock rally, to close at RMB 38,750/mt, losing RMB 220/mt or 0.56%. Positions declined 5,438 to 216,376 while trading volumes were up 151,000.

SHFE 1511 copper contract ended the day at RMB 38,580/mt, down by RMB 210/mt. Positions saw a rise of 8,612 to 168,248.