SHANGHAI, Mar. 28 (SMM) – SHFE 1605 copper started at RMB 37,750/mt for night trading last Friday and ended at RMB 37,780/mt, off RMB 170/mt. Positions dropped 4,878. And SHFE 1606 copper started at RMB 37,840/mt and ended at RMB 37,860/mt, up RMB 170/mt. Positions grew 3,762.
SHFE 1605 copper opened at RMB 37,810/mt on Monday and closed the day at RMB 37,510/mt, falling RMB 110/mt or 0.29%. Positions slipped 7,296. And SHFE 1606 copper started at RMB 37,870/mt and ended at RMB 37,570/mt, dropping RMB 120/mt or 0.32%. Positions grew 9,288.
Positions were up 5,886 to 700,800 for all SHFE copper contracts and trading volumes totaled 320,000 lots.
SHFE 1605 copper will struggle the 20-day moving average tonight.