SHFE Copper Trades down RMB 200/mt on Exit of Longs (Sept. 2, 2015)-Shanghai Metals Market

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SHFE Copper Trades down RMB 200/mt on Exit of Longs (Sept. 2, 2015)

Price Review & Forecast 04:53:57PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – On Tuesday night, SHFE 1511 copper opened at RMB 39,020/mt and then advanced to RMB 39,230/mt. Nonetheless, the price fell back later in response to slipping crude oil prices and closed the session at RMB 39,000/mt, sliding RMB 150/mt or 0.38%. Positions were up 3,314 with trading volumes totaling 111,000 lots.

SHFE copper finished Wednesday trading session at RMB 39,010/mt, down RMB 200/mt. Positions decreased 7,534 to 204,348 with trading volumes down 50,000 lots. 


SHFE Copper Trades down RMB 200/mt on Exit of Longs (Sept. 2, 2015)

Price Review & Forecast 04:53:57PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – On Tuesday night, SHFE 1511 copper opened at RMB 39,020/mt and then advanced to RMB 39,230/mt. Nonetheless, the price fell back later in response to slipping crude oil prices and closed the session at RMB 39,000/mt, sliding RMB 150/mt or 0.38%. Positions were up 3,314 with trading volumes totaling 111,000 lots.

SHFE copper finished Wednesday trading session at RMB 39,010/mt, down RMB 200/mt. Positions decreased 7,534 to 204,348 with trading volumes down 50,000 lots.