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Home / Metal News / SHFE Copper Post Losses (May 13, 2016)

SHFE Copper Post Losses (May 13, 2016)

May 13, 2016 17:42

Source:SMM

SHFE 1607 copper started at RMB 36,240/mt overnight and once fell to RMB 35,030/mt.

SHANGHAI, May 13 (SMM) – SHFE 1607 copper started at RMB 36,240/mt overnight and once fell to RMB 35,030/mt before closing the session at RMB 35,300/mt, down RMB 850/mt. Positions were up 24,534.

SHFE 1607 copper opened at RMB 35,290/mt on Friday and dived to RMB 35,190/mt. The red metal later advanced to RMB 35,650/mt and ended at RMB 35,480/mt, losing RMB 670/mt or 1.85%. Positions were up 9,666. Positions for all SHFE copper contracts were up 30,502 to 780,000 with trading volumes at 1.01 million lots.

SHFE 1607 copper may test support at RMB 35,000/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

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 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 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

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

SHFE 1606 Copper Rise 1.87%, with Positions down (2016-4-21)

On Wednesday’s night trading, SHFE 1606 copper crawled up after opening at RMB 37,520/mt, and the contract finally ended at RMB 37,570/mt, up RMB 170/mt, with positions down 5,144.

Apr 21, 2016 17:59

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

LME Copper to Trade at USD 4,880-4,950/mt (2016-4-20)

Copper market advanced with falling dollar and rising oil overnight.

Apr 20, 2016 09:34

SMM Comments

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SHFE Copper Post Losses (May 13, 2016)

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Li-ION BATTERY China

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