Home / Metal News / Precious Metals / SHFE Copper Ends down RMB 440/mt (Dec. 15, 2015)
SHFE Copper Ends down RMB 440/mt (Dec. 15, 2015)
Dec 15,2015 18:33CST
price review forecast
Source:SMM
SHFE 1602 copper opened lower at RMB 35,900/mt for night trading Monday and late moved higher to RMB 36,180/mt.

SHANGHAI, Dec. 15 (SMM) – SHFE 1602 copper opened lower at RMB 35,900/mt for night trading Monday and late moved higher to RMB 36,180/mt due to short-covering. Later, the contract fell back with shorts gathering strength and closed at RMB 36,060/mt.

SHFE copper started Tuesday trading session at RMB 36,090/mt and grew slight to RMB 36,260/mt with small rise in longs. But the red metal dived to RMB 35,580/mt later owing to exit of longs and position opening by shorts and ended at RMB 35,620/mt, down RMB 440/mt. Positions fell 4,718 to 306,770 with trading volumes around 575,000 lots.

Today is the last trading day for SHFE 1512 copper. The contract started at RMB 36,480/mt and ended down RMB 610/mt at RMB 35,750/mt with the session-high at RMB 36,550/mt and session-low at RMB 35,700/mt. And the settlement prices at RMB 36,240/mt. Trading volumes reduced 2,110 to 12,720 with trading volumes at 3,930 lots.

SHFE 1602 copper is expected to test support from the 5-day moving average this evening due to firmer dollar as US November’s CPI and core CPI are expected to be upbeat. 


SHFE copper prices
copper prices
Cu price

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