SHFE Copper Registers Losses (May 4, 2016)-Shanghai Metals Market

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SHFE Copper Registers Losses (May 4, 2016)

Price Review & Forecast 05:02:50PM May 04, 2016 Source:SMM

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.


Key Words:  SHFE copper price 

SHFE Copper Registers Losses (May 4, 2016)

Price Review & Forecast 05:02:50PM May 04, 2016 Source:SMM

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.


Key Words:  SHFE copper price