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Home / Metal News / SHFE Copper Prices off 0.15% on Sell-offs by Shorts (Oct. 29, 2015)

SHFE Copper Prices off 0.15% on Sell-offs by Shorts (Oct. 29, 2015)

iconOct 29, 2015 18:37
Source:SMM
SHFE 1601 copper shifted to the most active contract on Wednesday night and started at RMB 38,700/mt.

SHANGHAI, Oct. 29 (SMM) – SHFE 1601 copper shifted to the most active contract on Wednesday night and started at RMB 38,700/mt. The contract drifted lower to RMB 38,520/mt but later moved higher to RMB 39,230/mt, to close at RMB 39,130/mt, up by RMB 140/mt or 0.36%. Positions decreased near 20,000 for SHFE 1512 copper.

SHFE 1601 copper moved around RMB 38,960/mt on Thursday and closed the day down RMB 60/mt or 0.15% with the session-high at RMB 39,100/mt and the session-low at RMB 38,880/mt. Positions were up 13,180 to 208684 with shorts exiting market.

​SHFE copper prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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