SHANGHAI, Sept. 9 (SMM) – SHFE 1511 copper also entered the upside track during Tuesday evening session responding to a growth in LME copper. SHFE copper gapped higher at RMB 40,000/mt and then advanced to RMB 41,110/mt before ending at RMB 40,880/mt, gaining RMB 80/mt. Positions increased 14,692 to 236,178 with trading volumes roughly 420,000 lots.
On Wednesday, SHFE copper extended gains to touch an intra-day high of RMB 41,550/mt and finally closed the day at RMB 41,140/mt, up by RMB 1,750/mt or 4.44%. Positions increased 11,728 to 233,214 and trading volumes were up to 552,000 lots.