SHFE Copper Ends with Slim Gains (2016-1-28)

Published: Jan 28, 2016 21:07

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SHFE 1603 copper opened at RMB 35,870/mt on Thursday.

SHANGHAI, Jan. 28 (SMM) –SHFE 1603 copper opened at RMB 35,870/mt on Thursday. Longs took profit at highs after prices rose for days. Chinese A-share market fell nearly 3%. The US dollar index drifted higher. These negative factors sent SHFE copper down. SHFE 1603 copper dipped to a low of RMB 35,570/mt before ending up RMB 60/mt at RMB 35,600/mt. Positions of SHFE 1603 copper were down 17,810 to 247,240, while those of SHFE 1604 copper were up 22,430 to 223,966. A series of US economic data are due for release tonight, including December existing home sales, durable goods orders and initial jobless claims. These data are expected to be mixed.

Cu price copper prices SHFE copper prices

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