Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE 1610 Copper Ends with Gains (2016-8-19)

SHFE 1610 Copper Ends with Gains (2016-8-19)

Aug 19, 2016 18:55

Source:SMM

On Thursday’s night trading, SHFE 1610 copper opened higher at RMB 37,480/mt.

SHANGHAI, Aug. 19 (SMM) – On Thursday’s night trading, SHFE 1610 copper opened higher at RMB 37,480/mt and then plunged to RMB 37,260/mt with exit of longs, and closed at RMB 37,290/mt, up RMB 60/mt. Positions were down 3,882.

On Friday, SHFE 1610 copper started at RMB 37,290/mt and dipped to RMB 37,230/mt. The price later rebounded above the 10-day moving average after finding support at the 5-day moving average. The red metal finally closed at RMB 37,390/mt, up RMB 160/mt. Positions fell 4,320. Positions of all SHFE copper contracts reduced 4,420 to 500,000 with trading volumes at 230,000 lots.

SHFE copper prices

For queries, please contact William Gu at williamgu@smm.cn

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

LME copper will swing widely next week, while SHFE copper is poised for a rebound, SMM expects.

Aug 26, 2016 20:10

SMM Insight

SHFE Copper Closes Lower (2016-8-4)

SHFE 1610 copper opened lower at RMB 37,710/mt overnight and then dived to RMB 48,450/mt with shorts gathering strength.

Aug 4, 2016 17:17

SMM Comments

LME Copper to Drift Higher (2016-7-4)

LME copper will grow to USD 4,865-4,925/mt during Asian trading hours Monday thanks to softer dollar and US improved manufacturing industry.

Jul 4, 2016 09:13

SMM Comments

LME Copper to Consolidate at Highs (2016-7-1)

LME copper will consolidate at highs of USD 4,810-4,860mt during Asian trading hours Friday with growing sell-off pressure.

Jul 1, 2016 09:32

SMM Comments

LME Copper to Fall Back (2016-6-15)

LME copper will slide to USD 4,510-4,560/mt during Asian trading hours Wednesday due to firmer dollar and softer crude oil prices.

Jun 15, 2016 09:41

SMM Comments

SMM Base Metals Market Daily Review (2015-4-21)

The most active SHFE copper contract moved narrowly after starting on Tuesday and fell by at the tail of trading to end down RMB 430/mt at RMB 43,370/mt.

Apr 22, 2015 13:22

SMM Comments

SMM Base Metals Market Daily Review (2015-4-20)

The most active SHFE copper contract rallied to RMB 44,200/mt after starting on Monday, but then dropped below RMB 44,000/mt.

Apr 21, 2015 10:04

SMM Comments

SMM Base Metals Market Daily Review (2015-3-17)

SHFE 1505 copper contract met resistance at RMB 42,900/mt during Tuesday’s daytime trading and fell quickly after opening to RMB 42,600/mt.

Mar 18, 2015 10:59

SMM Comments

SMM Base Metals Weekly Price Review and Forecast (Mar. 16-20, 2015)

Chinese shares showed big swings last week and ended with a 3% gain.

Mar 18, 2015 09:46

SMM Comments

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  NET ZERO MEA is the premier leadership summit of solar, energy storage, and renewable energy sectors in the Mid-East.
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

SHFE 1610 Copper Ends with Gains (2016-8-19)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo