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Home / Metal News / SHFE Copper Trades Higher (2016-8-17)

SHFE Copper Trades Higher (2016-8-17)

Aug 17, 2016 17:38

Source:SMM

SHFE 1610 copper opened higher at RMB 37,330/mt last night and dipped to RMB 37,180/mt with exit of longs

SHANGHAI, Aug. 17 (SMM) – SHFE 1610 copper opened higher at RMB 37,330/mt last night and dipped to RMB 37,180/mt with exit of longs. The red metal later rallied to RMB 37,390/mt and closed the session up RMB 200/mt at RMB 37,360/mt. Positions dropped 3,526.

On Wednesday, SHFE 1610 copper started at RMB 37,370/mt and dropped to RMB 37,220/mt due to firmer dollar and falling ferrous metal prices, to close RMB 60/mt higher at RMB 37,220/mt. Positions were down 8,308. Positions of all SHFE copper contracts fell 11,176 to 500,000 with trading volumes at 260,000 lots.

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

SMM Comments

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SHFE Copper Trades Higher (2016-8-17)

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