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.