SHFE Copper Prices Trade up 1.44% (Oct. 12, 2015)

Published: Oct 12, 2015 15:55

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The growth in LME copper allowed SHFE 1512 copper to start higher at RMB 40,380/mt last Friday evening.

SHANGHAI, Oct. 12 (SMM) – The growth in LME copper allowed SHFE 1512 copper to start higher at RMB 40,380/mt last Friday evening. SHFE copper dived to RMB 39,900/mt with shorts gathering strength after touching RMB 40,420/mt. Later, the contract stabilized around RMB 40,000/mt and closed at RMB 40,080/mt, gaining RMB 500/mt or 1.26%. Positions grew 2,888 to 221,194 and trading volumes were around 180,000 lots.

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business. The red metal closed the day at RMB 40,150/mt, rising RMB 570/mt or 1.44%. Positions were up 8,504 to 226,810 and trading volumes were around 480,000 lots.

SHFE copper prices

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