SHFE Copper Closes with Losses on Bearishness (Oct. 28, 2015)

Published: Oct 28, 2015 17:17

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SHFE 1512 copper opened at RMB 39,300/mt for night trading Tuesday and closed up RMB 100/mt 0.26% or at RMB 39,190/mt.

SHANGHAI, Oct. 28 (SMM) – SHFE 1512 copper opened at RMB 39,300/mt for night trading Tuesday and closed up RMB 100/mt 0.26% or at RMB 39,190/mt with the session-high at RMB 39,340/mt and the session-low at RMB 39,160/mt. Positions decreased 4,284 to 216,966 and trading volumes were around 140,000 lots.

The December-delivery copper on the SHFE drifted lower to RMB 39,000/mt after opening Thursday trading session. The contract dived to RMB 38,840/mt due to bearishness in market, resulting from slip in Chinese stock market, crude oil prices and SHFE aluminum, to end at RMB 38,930/mt, down RMB 160/mt or 0.415. Positions fell 12,306 to 208,944 lots with trading volumes down. Nonetheless, SHFE 1601 copper saw positions up 20,300 to 195,504.

SHFE copper prices

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