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Home / Metal News / SHFE Copper Registers Losses (May 4, 2016)

SHFE Copper Registers Losses (May 4, 2016)

May 4, 2016 17:02

Source:SMM

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.

SHANGHAI, May 4 (SMM) – 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, down RMB 390/mt. Positions were up 10,652.

SHFE 1607 copper opened higher at RMB 37,270/mt on Wednesday and dipped to RMB 37,140/mt, to end at RMB 37,230/mt, down RMB 450/mt or 1.19. Positions were up 24,384. Positions for all SHFE copper contracts grew 24,914 to 690,000 with trading volumes at 720,000 lots.

SHFE 1607 copper may test support at RMB 37,000/mt tonight.

SHFE copper price

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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

SHFE Copper Trades Up (April 29, 2016)

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

Apr 29, 2016 16:59

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

SHFE Copper Trades Higher (April 25, 2016)

SHFE 1606 copper started last Friday night session at RMB 38,110/mt and closed the session at RMB 38,020/mt.

Apr 25, 2016 15:45

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

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SHFE Copper Registers Losses (May 4, 2016)

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