SHFE Copper Ends Higher (Jun. 6, 2016)

SHANGHAI, Jun. 6 (SMM) – SHFE 1608 copper started at RMB 36,110/mt for night trading last Friday and once sank to RMB 35,800/mt. The red metal later hovered around RMB 35,900/mt before closing the session at RMB 35,900/mt, up RMB 480/mt. Positions were down 650.

SHFE 1608 copper opened at RMB 36,010/mt on Monday and increased to RMB 36,260/mt, to end at RMB 36,260/mt, rising RMB 840/mt or 2.37%. Positions were down 5,418. Positions of all SHFE copper contracts were down 23,718 to 770,000 with trading volumes at 550,000 lots.