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Home / Metal News / SHFE Copper Trades down 1.23% (Nov. 16, 2015)

SHFE Copper Trades down 1.23% (Nov. 16, 2015)

Nov 16, 2015 18:48

Source:SMM

SHFE 1601 copper started last Friday night session at RMB 36,490/mt and moved lower to RMB 36,180/mt.

SHANGHAI, Nov. 16 (SMM) – SHFE 1601 copper started last Friday night session at RMB 36,490/mt and moved lower to RMB 36,180/mt, to close at RMB 36,340/mt, down RMB 140/mt or 0.38%. Positions were up 3,054 to 338,014 and trading volumes were around 195,000 lots.

SHFE copper moved higher to above RMB 3,6280/mt on Monday but later the red metal fell to RMB 35,960/mt due to news of Codelco slashing its 2016 premium to China to USD 98/mt, to end at RMB 36,030/mt, down by RMB 450/mt or 1.23%. Positions grew 1,608 to 537,316 lots with trading volumes down 200,000 lots.

SHFE copper prices

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Copper prices will continue trading in recent range.

Oct 23, 2017 09:45

SMM Comments

LME Copper to Remain in Recent Range (2017-10-23)

Copper Prices to Consolidate (2017-10-18)

Copper prices need to take a break after big gains.

Oct 18, 2017 09:24

SMM Comments

Copper Prices to Consolidate (2017-10-18)

LME Copper Sets for Gains (2016-9-29)

LEM copper will range between USD 4,835-4,865/mt on Thursday and SHFE 1611 copper should move at RMB 37,450-37,800/mt.

Sep 29, 2016 10:00

SMM Comments

LME Copper to Stay Range-Bound (2016-9-27)

LME copper will range at USD 4,820-4,865/mt on Tuesday and SHFE 1611 copper should fluctuate at RMB 37,650-37,900/mt.

Sep 27, 2016 10:01

SMM Comments

LME Copper to See Range-Bound Trading (2016-9-26)

LME copper will fluctuate at USD 4,840-4,875/mt on Monday and SHFE 1611 copper will range between RMB 37,650-37,950/mt.

Sep 26, 2016 09:48

SMM Comments

LME Copper to Move in a Tight Range (2016-7-11)

LME copper will narrowly range USD 4,670-4,720/mt during Asian trading hours Monday.

Jul 11, 2016 09:17

SMM Comments

SHFE Copper Closes Down (Jul. 8 , 2016)

Last night, SHFE 1609 copper opened lower at RMB 36,960/mt and rallied to RMB 37,100/mt with entering of longs.

Jul 8, 2016 17:05

SMM Comments

SHFE Copper Closes Up (Jun. 28 , 2016)

Last night, SHFE 1608 copper opened lower at RMB 36,520/mt and advanced to RMB 36,700/mt.

Jun 28, 2016 17:38

SMM Comments

38% China Copper Smelters See Declines for Copper Prices This Week, SMM Survey

38% Chinese copper smelters expect LME copper to fall below USD 4,650/mt this week and SHFE 1608 copper to drop below RMB 36,000/mt.

Jun 28, 2016 10:30

SMM Comments

SHFE Copper Closes Lower (Jun. 17, 2017)

Overnight, SHFE 1608 copper opened lower at RMB 35,210/mt and ended at RMB 35,250/mt, down RMB 440/mt.

Jun 17, 2016 17:23

SMM Comments

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SHFE Copper Trades down 1.23% (Nov. 16, 2015)

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