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 Trades Up (April 29, 2016)

SHFE Copper Trades Up (April 29, 2016)

Apr 29, 2016 16:59

Source:SMM

SHFE 1606 copper started at RMB 37,250/mt overnight and moved higher to RMB 37,520/mt.

SHANGHAI, Apr. 29 (SMM) – SHFE 1606 copper started at RMB 37,250/mt overnight and moved higher to RMB 37,520/mt before closing the session at RMB 37,420/mt, up RMB 160/mt. Positions were down 4,480.

SHFE copper opened at RMB 37,390/mt on Friday and climbed to RMB 37,750/mt in response to crude oil and ferrous metals prices, to end the day at RMB 37,620/mt, up RMB 360/mt or 0.97%. Positions were down 15,206. Positions for all SHFE copper contracts fell 5,376 to 680,000 with trading volumes at 530,000 lots.

SHFE 1607 copper started at RMB 37,440/mt and ended at RMB 37,660/mt, gaining RMB 380/mt. Positions were up 9,316.

SHFE 1606 copper may test resistance at the 5-day moving averages tonight.

SHFE copper price

Cu price

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

31% Chinese copper smelters see LME copper to fall below USD 4,550/mt this week and SHFE 1607 lead to drop below RMB 35,000/mt.

May 24, 2016 09:42

SMM Comments

LME and SHFE Copper to Look for Price Floor Next Week, SMM Expects

Copper prices will head for further declines next week, SMM foresees.

May 14, 2016 14:01

SMM Insight

68% China Copper Smelters Expect Declines for Copper This Week, SMM Survey

SMM survey reveals that 68% Chinese copper producers see LME copper to fall below USD 4,700/mt this week and SHFE 1607 copper drop below RMB 35,600/mt.

May 10, 2016 10:49

SMM Comments

SHFE Copper Registers Losses (May 4, 2016)

SHFE 1607 copper started higher at RMB 37,680/mt overnight and dived to RMB 37,190/mt before closing the session at RMB 37,290/mt.

May 4, 2016 17:02

SMM Comments

SHFE Copper to Bounce back (2016-4-29)

SHFE 1606 copper will bounce back to RMB 37,100-37,600/mt on Apr. 29 with strengthening of crude oil and ferrous metal prices.

Apr 29, 2016 09:45

SMM Comments

LME Copper to Range Narrowly (2016-4-28)

LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Thursday.

Apr 28, 2016 09:52

SMM Comments

LME Copper to Move in a Narrow Range(2016-4-26)

LME copper should narrowly range USD 4,970-5,010/mt during Asian trading hours Tuesday.

Apr 26, 2016 09:39

SMM Comments

Long Momentum to Remain in Copper Market (2016-4-22)

Copper futures price tumbled with falling price of oil and ferrous metals, a rising dollar. On Friday, long momentum is expected to remain in copper market.

Apr 22, 2016 09:33

SMM Comments

LME Copper to Test Higher (2016-4-21)

Oil price lurched higher with positive US oil data, showing a 6-week decline in output. This, combined with US’s better-than-expected existing home sales and rising equities, pushed up LME copper.

Apr 21, 2016 11:02

SMM Comments

SHFE Copper to Close down RMB 180/mt (2016-4-15)

On Friday, SHFE 1606 copper fell at first after opening at RMB 37,050/mt, and then rose.

Apr 15, 2016 18:23

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 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

​ SHFE Copper Trades Up (April 29, 2016)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

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

CLNB 2025 (10th) China International New Energy Industry Expo

SHFE Copper Trades Up (April 29, 2016)