Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Copper Ends with Gains (Mar. 17, 2016)

SHFE Copper Ends with Gains (Mar. 17, 2016)

Mar 17, 2016 16:32

Source:SMM

SHFE 1605 copper opened at RMB 37,450/mt for night trading Wednesday.

SHANGHAI, Mar. 17 (SMM) – SHFE 1605 copper opened at RMB 37,450/mt for night trading Wednesday and fell back after advancing to RMB 37,690/mt with closing prices at RMB 37,580/mt. up RMB 220/mt. Positions fell 3,304.

SHFE 1605 copper opened higher at RMB 37,880/mt on Thursday due to no rate hike by US Fed in March and climbed to RMB 37,970/mt, to end at RMB 37,940/mt, an increase of RMB 580/mt or 1.55%. Positions were up 6,868 while those for SHFE 1606 and 1607 copper increased 8,880.

SHFE 1605 copper should face resistance at RMB 38,000/mt this evening.

SHFE copper prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SHFE Copper Ends Lower (2016-8-25)

SHFE 1610 copper started at RMB 36,160/mt and closed at RMB 36,370/mt, down RMB 460/mt with positions falling 23,126.

Aug 25, 2016 17:26

SMM Comments

50% China Copper Smelters Expect Declines for Copper Prices This Week, SMM Surveys

50% Chinese copper smelters surveyed by SMM see LME copper to fall below USD 4,750/mt this week and SHFE 1610 copper to drop below RMB 37,000/mt.

Aug 23, 2016 10:31

SMM Comments

LME Copper to Hover at Lows (2016-8-15)

LME copper will fluctuate at lows of USD 4,740-4,790/mt during Asian trading hours Monday.

Aug 15, 2016 09:09

SMM Comments

SHFE Copper Grows 0.77% (Dec.1, 2015)

SHFE 1601 copper started Monday night session at RMB 34,990/mt and lurched up to RMB 35,160/mt due to exit of shorts.

Dec 1, 2015 17:28

SMM Comments

SMM Copper Market Morning Review (2015-10-22)

LME copper opened at USD 5,193/mt overnight and dropped to USD 5,136/mt, to end at USD 5,192.5/mt, down 8.5%.

Oct 22, 2015 09:35

SMM Comments

SMM Copper Market Morning Review (2015-10-20)

LME copper opened at USD 5,276/mt overnight and then fell back to USD 5,252/mt. Later, LME copper dived to USD 5,203/mt and ended at USD 5,212/mt.

Oct 20, 2015 10:32

SMM Comments

SMM Base Metals Market Daily Review (2015-4-22)

The most active SHFE copper contract dipped to a low of RMB 43,080/mt after opening on Wednesday and increased to RMB 43,350/mt at midday.

Apr 23, 2015 10:02

SMM Comments

SMM Base Metals Weekly Price Review and Forecast (Apr. 20-24, 2015)

A series of Chinese economic data, including foreign trade, GDP and industrial value-added, were all depressed.

Apr 21, 2015 10:09

SMM Comments

SMM Base Metals Market Daily Review (2015-4-17)

The most active SHFE copper contract hovered near RMB 43,700/mt on Friday and lacked momentum to rise further.

Apr 20, 2015 10:32

SMM Comments

SMM Base Metals Market Daily Review (2015-4-1)

The SHFE copper for June delivery drifted higher to RMB 43,300/mt after starting Wednesday’s daytime trading powered by stronger China PMI data and touched RMB 43,500/mt in the morning.

Apr 2, 2015 10:08

SMM Comments

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

SHFE Copper Ends with Gains (Mar. 17, 2016)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo