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

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

Price Review & Forecast 06:37:52PM Oct 29, 2015 Source:SMM

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.

Key Words:  ​SHFE copper prices    
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SHFE Copper Prices off 0.15% on Sell-offs by Shorts (Oct. 29, 2015)

Price Review & Forecast 06:37:52PM Oct 29, 2015 Source:SMM

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.

Key Words:  ​SHFE copper prices