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 Gains 0.89% (May 12, 2016)

SHFE Copper Gains 0.89% (May 12, 2016)

May 12, 2016 16:41

Source:SMM

SHFE 1607 copper started at RMB 36,080/mt overnight and closed the session at RMB 35,910/mt, down RMB 10/mt.

SHANGHAI, May 12 (SMM) – SHFE 1607 copper started at RMB 36,080/mt overnight and closed the session at RMB 35,910/mt, down RMB 10/mt. Positions were up 3,802.

SHFE 1607 copper opened higher at RMB 35,930/mt on Thursday and dived to RMB 35,840/mt. The red metal later advanced to RMB 36,520/mt due to gains in crude oil prices and ended at RMB 36,240/mt, up RMB 320/mt or 0.89%. Positions were down 13,468. Positions for all SHFE copper contracts were down 13,650 to 750,000 with trading volumes at 690,000 lots.

SHFE 1607 copper may test support at RMB 36,000/mt tonight.

SHFE copper price

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

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 to Outperform LME Copper (2016-5-24)

SHFE 1607 copper should perform better than LME copper on May 24.

May 24, 2016 09:25

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 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 and SHFE Copper to See Rising Volatility

LME copper should fluctuate in a wide range of $4,880-5,080 per tonne next week, said SMM, testing $5,130 per tonne, citing technical indicators.

Apr 22, 2016 18:03

SMM Insight

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

SMM Events & Webinars

All

Apr
23
- 2025 (20th) SMM Copper Industry Conference and Expo
  Apr 23 - 25,2025
  Nanchang，Jiangxi，China
May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China

SHFE Copper Gains 0.89% (May 12, 2016)

SMM Events & Webinars

2025 (20th) SMM Copper Industry Conference and Expo

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR