Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

Sep 30, 2015 15:36

Source:SMM

SHE 1512 copper performed well on Wednesday, partly because of rising Chinese stock market.

SHANGHAI, Sept. 30 (SMM) –SHE 1512 copper performed well on Wednesday, partly because of rising Chinese stock market. The red metal hit an intraday high of RMB 38,490/mt due to exit of shorts and entry of longs. Finally, the most active contract ended up RMB 590/mt or 1.56% at RMB 38,370/mt. Positions were up 5,992 to 236,074. Glencore’s shares surged 16.9% on Tuesday, easing market panic. Recent has seen news of production cuts and halts at overseas mines. China’s support for infrastructure projects will bode well for copper demand.

SHFE copper prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

LME Copper Set for Gains (2016-6-14)

LME copper will grow to USD 4,540-4,585/mt during Asian trading hours Tuesday thanks to softer dollar.

Jun 14, 2016 09:47

SMM Comments

SHFE Copper Posts Declines (Mar. 30, 2016)

SHFE 1605 copper once dipped to RMB 37,200/mt after starting at RMB 37,580/mt overnight.

Mar 30, 2016 16:19

SMM Comments

LME Copper to Sag Next Week

LME copper should drop to $4,470-4,630 yuan per tonne next week, and is likely to fall below $4,430 yuan per tonne, SMM foresees.

Jan 8, 2016 19:20

SMM Insight

SHFE Copper to Hover around 5-Day Moving Average (2015-12-25)

SHFE 1602 copper is predicted to fluctuate between RMB 36,000-36,500/mt on Dec. 25 with LME lead market closed.

Dec 25, 2015 09:32

SMM Comments

LME Copper to Trade Higher on Short-Covering (2015-12-22)

LME copper is expected to move higher to USD 4,710-4,765/mt during Asian trading hours Tuesday thanks to exit of shorts with market staying quiet near year’s end.

Dec 22, 2015 09:29

SMM Comments

SMM Copper Market Daily Review (2015-11-3)

SHFE 1601 copper started at RMB 38,520/mt for night trading Tuesday and moved lower to RMB 38,370/mt.

Nov 4, 2015 09:20

SMM Comments

SMM Copper Market Morning Review (2015-11-3)

LME copper started at USD 5,089.5/mt overnight and moved higher to USD 5,133.5/mt before ending at USD 5,120/mt.

Nov 3, 2015 10:06

SMM Comments

SHFE Copper Falls 0.49% on Slip in Chinese Stock Market (Oct. 21, 2015)

SHFE 1512 copper started slightly higher at RMB 39,220/mt during Tuesday evening session and fell to RMB 39,100/mt.

Oct 21, 2015 17:31

SMM Comments

SMM Copper Market Morning Review (2015-10-15)

LME copper opened at USD 5,239.5/mt overnight and then tested a low of USD 5,230/mt. Near session’s end.

Oct 15, 2015 09:35

SMM Comments

SMM Copper Market Morning Review (2015-10-14)

LME copper started Asian trading hours at USD 5,292/mt and then tested support at the 5-day moving average during European and US trading hours.

Oct 14, 2015 09:50

SMM Comments

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025