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Home / Metal News / SHFE Copper Post Declines (May 10, 2016)

SHFE Copper Post Declines (May 10, 2016)

May 10, 2016 17:00

Source:SMM

SHFE 1607 copper moved lower RMB 35,670/mt overnight and later rebounded to RMB 36,000/mt.

SHANGHAI, May 10 (SMM) – SHFE 1607 copper moved lower RMB 35,670/mt overnight and later rebounded to RMB 36,000/mt before closing the session at RMB 35,830/mt, down RMB 440/mt. Positions were down 6,874.

SHFE 1607 copper opened at RMB 35,800/mt on Tuesday and dipped to RMB 35,720/mt. The red metal later grew to RMB 36,080/mt and ended at RMB 35,950/mt, down RMB 320/mt or 0.88%. Positions were down 14,566. Positions for all SHFE copper contracts fell 19,698 to 750,000 with trading volumes at 610,000 lots.

SHFE 1607 copper may fluctuate around RMB 36,000/mt tonight.

SHFE copper price

Cu price

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LME copper will see weak trading and range USD 4,650-4,690/mt during Asian trading hours Tuesday.

May 31, 2016 10:00

SMM Comments

31% China Copper Smelters Expect Falls for Copper Prices This Week, SMM Survey

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

SHFE Copper Trades Lower (May 18, 2016)

SHFE 1607 copper started at RMB 35,700/mt overnight and once dived to RMB 35,480/mt. The red metal rebounded to RMB 35,940/mt before closing the session at RMB 35,780/mt.

May 18, 2016 16:45

SMM Comments

LME Copper to Stay Weak (2016-5-16)

LME copper will remain weak and range USD 4,590-4,630/mt during Asian trading hours Monday due to negative economic figures from China.

May 16, 2016 09:36

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

LME Copper to Face Pressure (2016-5-6)

LME copper should consolidate at USD 4,740-4,800/mt during Asian trading hours Friday.

May 6, 2016 09:33

SMM Comments

LME Copper to Inch Lower (2016-5-5)

LME copper should edge down to USD 4,830-4,880/mt during Asian trading hours Thursday.

May 5, 2016 09:35

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 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

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SHFE Copper Post Declines (May 10, 2016)

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NET ZERO EUROPE - Solar & Energy Storage Summit

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