SHFE Copper Hits Over One-Month High (2016-2-4)

Published: Feb 4, 2016 19:12

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SHFE 1603 copper opened at RMB 36,040/mt on Thursday.

SHANGHAI, Feb. 4 (SMM) –SHFE 1603 copper opened at RMB 36,040/mt on Thursday. The contract jumped to over one-month high at RMB 36,430/mt on short covering, and finally ended up RMB 780/mt at RMB 36,330/mt, with positions down 13,020. Market will eye US initial jobless claims, December durable goods orders, and December factory orders, which are expected to be mixed.

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