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Home / Metal News / SHFE Copper down 1.13% (Oct. 16, 2015)

SHFE Copper down 1.13% (Oct. 16, 2015)

Oct 16, 2015 18:56

Source:SMM

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

SHANGHAI, Oct. 16 (SMM) – SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening. The contract regained most losses near session’s end due to crude oil price rally and closed at RMB 39,950/mt, down RMB 40/mt or 0.1%. Positions were up 7,480 to 241,644 with trading volumes around 195,000 lots.

SHFE copper moved higher to RMB 40,120/mt on Friday but later fell back due to growing shorts and profit-taking by longs, to end at RMB 39,540/mt, down by RMB 450/mt or 1.13%. Positions grew 11,072 to 245,236 with trading volume around 450,000 lots.

SHFE copper prices

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