Home / Metal News / Lead / SHFE Copper Records a New Low on Sell-Offs (Nov. 19, 2015)
SHFE Copper Records a New Low on Sell-Offs (Nov. 19, 2015)
Nov 19,2015 16:49CST
price review forecast
Source:SMM
SHFE 1601 copper started at RMB 34,840/mt during Wednesday night session.

SHANGHAI, Nov. 19 (SMM) – SHFE 1601 copper started at RMB 34,840/mt during Wednesday night session and closed the session down RMB 250/mt or 0.72% at RMB 34,670/mt. Positions declined 3,874 to 324,470 and trading volumes were around 334,400 lots.

The January-delivery copper on the SHFE dived to RMB 34,210/mt on Thursday and then bounced back in response to Chinese stock market and exit of shorts, to end at RMB 34,770/mt, down by RMB 150/mt or 0.43%. Positions declined 5,296 with trading volumes around 840,000 lots. Positions opened by longs were higher than shorts for the first time for SHFE 1603 contract. 


SHFE copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news