SHFE Copper Registers Losses (May 4, 2016)

May 4, 2016 17:02

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Copper Registers Losses (May 4, 2016)

SMM Events & Webinars

2025 SMM India Session: Li-battery & PV Market Insights

Li-ion Battery Europe 2025

NET ZERO EUROPE - Solar & Energy Storage Summit