SHFE Copper Closes Lower (Jun. 17, 2017)

Published: Jun 17, 2016 17:23

Save

Overnight, SHFE 1608 copper opened lower at RMB 35,210/mt and ended at RMB 35,250/mt, down RMB 440/mt.

SHANGHAI, Jun. 17 (SMM) – Overnight, SHFE 1608 copper opened lower at RMB 35,210/mt and ended at RMB 35,250/mt, down RMB 440/mt. Positions were down 6,460.

On Friday, SHFE 1608 copper started higher at RMB 35,340/mt and once broke through the 20-day moving average. The red metal finally closed at RMB 35,560/mt. Positions were down 16,300. Positions of all SHFE copper contracts fell 12,336 to 660,000 with trading volumes at 440,000 lots.

SHFE copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

[SMM Analysis] Detailed Data on China's Sulphuric Acid Production in August

NBS data shows that China's sulphuric acid (100% equivalent) production in August was 7.984 million mt, down 308,000 mt from 7.676 million mt in July, a YoY decline of 15.5%. The cumulative production of sulphuric acid (100% equivalent) in 2026 was 68.141 million mt, a cumulative YoY decline of 4.6%.

9 hours ago

12 hours ago

August lead concentrate imports pulled back, with limited recovery expected in September [SMM Analysis]

[Lead Concentrate Imports Pull Back in August, Limited Recovery Expected in September] According to the latest customs data, China imported 87,000 mt in physical content of lead concentrates in August 2026, down 28,200 mt in physical content or 24.44% MoM and down 35.35% YoY. Cumulative lead concentrate imports from January to August totaled 906,300 mt in physical content, down 2.3% YoY.

12 hours ago

14 hours ago

[SMM Flash] Sulphuric acid prices in some regions dropping below 1,000 yuan/mt

Since 10 July, SMM Chinese sulfuric acid price index from Copper smelters has declined for 11 consecutive weeks on a weekly basis. This weekend, sulphuric acid prices were further reduced in some regions, with the ex-works price of 98% smelting acid falling below 1,000 yuan/mt. However, demand from the fertiliser industry has yet to show any clear improvement, and there are no signs that exports of sulphuric acid and phosphate fertiliser can be restarted, leaving the market dominated by a strong wait-and-see sentiment.

14 hours ago