SHFE Copper Increases RMB 360/mt (Dec. 18, 2015)

SHANGHAI, Dec. 18 (SMM) – SHFE 1602 copper opened Friday night trading session at RMB 35,160/mt and later fluctuated around moving average with exit of shorts, to end at RMB 35,260/mt, down by RMB 190/mt.

SHFE copper started at RMB 35,250/mt on Friday and climbed to RMB 35,420/mt due to position opening by longs. In the afternoon business, the red metal shot up to RMB 35,840/mt and ended at RMB 35,810/mt, falling RMB 360/mt. Positions reduced 22,946 to 304,074 and trading volumes came in at 570,000 lots. Positions for all copper furthers on SHFE market fell 24,576 to 780,000 and trading volumes totaled 830,000 lots.