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Home / Metal News / SHFE Copper Ends with Gains (2016-2-5)

SHFE Copper Ends with Gains (2016-2-5)

Feb 5, 2016 18:58

Source:SMM

SHFE 1603 copper was dragged down by falling Chinese A-share market to RMB 36,120/mt on Friday.

SHANGHAI, Feb. 5 (SMM) –SHFE 1603 copper was dragged down by falling Chinese A-share market to RMB 36,120/mt on Friday. But the contract then recovered some earlier losses on short covering and ended up RMB 330/mt, with positions down 12,526.

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SHFE copper prices

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The contradiction between macro and fundamentals will push copper prices into a wide range of fluctuations. SMM predicts that copper prices in September will fluctuate between 65,000-72,000 yuan/mt.

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Copper prices will continue trading in recent range.

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SMM Insight

SHFE Copper Finishes Lower (2017-8-23)

SHFE 1710 copper opened at RMB 51,670/mt and closed at RMB 51,560/mt, down RMB 190/mt.

Aug 23, 2017 17:17

SMM Comments

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SMM Comments

China 10 Nonferrous Metals Output Rises 7.2% in H1 2017

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Industry

China 10 Nonferrous Metals Output Rises 7.2% in H1 2017

SHFE Copper to Stay Firm (2017-7-25)

LME copper will trade at USD 5,990-6,030/mt on Tuesday and SHFE 1709 copper will fluctuate between RMB 47,650-48,050/mt.

Jul 25, 2017 09:30

SMM Comments

LME Copper Sets for Gains (2016-9-29)

LEM copper will range between USD 4,835-4,865/mt on Thursday and SHFE 1611 copper should move at RMB 37,450-37,800/mt.

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SMM Comments

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SHFE Copper Ends with Gains (2016-2-5)

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