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Home / Metal News / SHFE Copper Falls from Highs (2016-8-8)

SHFE Copper Falls from Highs (2016-8-8)

Aug 8, 2016 16:53

Source:SMM

SHFE 1610 copper opened lower at RMB 37,510/mt for night session last Friday.

SHANGHAI, Aug. 8 (SMM) – SHFE 1610 copper opened lower at RMB 37,510/mt for night session last Friday and then dropped to RMB 37,370/mt due to firmer dollar, to close at RMB 37,410/mt, down RMB 130/mt. Positions were up 7,120.

On Monday, SHFE 1610 copper bounced back to RMB 37,420/mt owing to short-covering after starting at RMB 37,420/mt. The red metal rose further to RMB 37,680/mt with longs gathering strength and closed flat at RMB 37,540/mt. Positions were up 5,976. Positions of all SHFE copper contracts were down 2,188 to 540,000 with trading volumes at 400,000 lots.

SHFE 1610 copper may hover between the 20 and 40-day moving average tonight.

SHFE copper prices

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SHFE 1512 copper opening at RMB 39,560/mt last Friday evening and then moved tightly, to end at RMB 39,720/mt.

Oct 19, 2015 17:15

SMM Comments

SMM Copper Market Morning Review (2015-10-19)

LME copper touched a low of USD 5,232/mt during European and US trading hours last Friday due to firmer dollar, to end down USD 54/mt at USD 5,272/mt.

Oct 19, 2015 09:36

SMM Comments

SMM Copper Market Daily Review (2015-10-16)

SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.

Oct 19, 2015 09:29

SMM Comments

SHFE Copper Finishes up 0.78% (Oct. 15, 2015)

SHFE 1512 copper opened higher at RMB 39,750/mt for night trading Wednesday in response to LME copper.

Oct 15, 2015 16:37

SMM Comments

SMM Copper Market Daily Review (2015-10-12)

SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.

Oct 13, 2015 09:47

SMM Comments

SHFE Copper Prices up RMB 840/mt (Oct. 8, 2015)

LME copper gained over USD 160/mt during China’s National Day holiday. SHFE 1512 copper opened Thursday trading session at RMB 39,340/mt.

Oct 8, 2015 16:54

SMM Comments

SHFE Copper Ended Up RMB 590/mt (Sept. 30, 2015)

SHE 1512 copper performed well on Wednesday, partly because of rising Chinese stock market.

Sep 30, 2015 15:36

SMM Comments

SMM Copper Market Morning Review (2015-9-17)

LME copper moved at highs during European and US trading hours due to a softer dollar and improved sentiment, to close at USD 5,390/mt, up USD 58/mt.

Sep 17, 2015 10:14

SMM Comments

SMM Copper Market Daily Review (2015-9-15)

For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.

Sep 16, 2015 08:53

SMM Comments

SMM Base Metals Market Daily Review (2015-4-28)

The SHFE 1507 copper contract dropped after starting Tuesday’s daytime trading, dipping to RMB 43,570/mt, but stabilized in the afternoon and hover around RMB 43,700/mt.

Apr 29, 2015 13:21

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SHFE Copper Falls from Highs (2016-8-8)

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