Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

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

New Energy

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 Copper Ends with Losses (2016-8-23)

SHFE Copper Ends with Losses (2016-8-23)

Aug 23, 2016 17:12

Source:SMM

SHFE 1610 copper started at RMB 37,100/mt and then advanced to RMB 37,180/mt before closing at RMB 37,120/mt, down RMB 130/mt.

SHANGHAI, Aug. 23 (SMM) – On Monday’s night trading, SHFE 1610 copper opened lower at RMB 37,020/mt and then slid to RMB 36,910/mt before regaining the lost ground. SHFE 1610 copper rose back to a session-high of RMB 37,180/mt due to position closing by shorts but later dropped again, hurt by entering of shorts. The contract finally ended at RMB 37,090/mt, down RMB 160/mt. Positions were down 624.

On Tuesday, SHFE 1610 copper started at RMB 37,100/mt and then advanced to RMB 37,180/mt, due to soft US dollarThe contract stabilized at the tail of trading thanks to positions closing by shorts and closed at RMB 37,120/mt, down RMB 130/mt. Positions were up 206. Positions of all SHFE copper contracts decreased 2,516 to 510,000 with trading volumes at 230,000 lots.

SHFE 1610 copper is expected to test support at RMB 37,000/mt tonight.

SHFE copper prices

LME copper prices

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

Related news

Copper Prices to Edge up amid Low Inventory

The October CPI in the US due last week increased by 6.2% year-on-year, the biggest increase in 31 years, and up 0.9% month-on-month, the largest gain in four months.

time

Nov 15, 2021 14:47

Copper Prices to Edge up amid Low Inventory

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

Since the beginning of this year, the copper prices have continued to rise, reaching the highest level since May 2006 in May. The high copper prices have made relevant companies profitable.

time

Nov 4, 2021 17:32

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

LME Copper to Move Lower (2016-9-14)

LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

time

Sep 14, 2016 09:48

North American Copper Scrap Prices Held Steady on Index on Sep. 6th

The North American copper scrap prices remained flat on September 6th, Tuesday.

time

Sep 7, 2016 13:57

LME Copper to Underperform SHFE Copper Next Week, SMM Expects

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

time

Aug 26, 2016 20:10

What Factor behind Surge in LME Copper Inventories, and What Impact on Copper Prices? SMM Reports

LME copper inventories soared by 18,750 tonnes or 8.9 per cent to 229,375 tonnes on Aug. 22, the biggest increase since Jul. 6. The surge triggered market worries over copper consumption.

time

Aug 23, 2016 11:18

LME Copper to Fluctuate in Tight Range (2016-8-16)

The US dollar index consolidated at lows, while crude oil prices continued to rebound.

time

Aug 16, 2016 09:44

Copper Price to Remain Range-Bound Next Week, SMM Says

LME copper is expected to experience corrections next week, pointing toward $5,000 per tonne, and SHFE September copper will fluctuate between 37,750-39,000 yuan per tonne, SMM says.

time

Jul 22, 2016 18:12

50% China Copper Smelters Expect Rises for Copper Prices This Week, SMM Survey

SMM survey shows that 50% Chinese copper smelters see LME copper to break through USD 4,950/mt this week and SHFE 1609 copper to grow above RMB 38,500/mt.

time

Jul 5, 2016 09:54

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.

time

Jul 4, 2016 09:13

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  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 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

MOST POPULAR

1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

2.Aluminum Wire Supplier Screening

3.Cost Analysis Of AL Extrusion For Target Units

4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

5.Optimization Of Purchasing Cost For Casting Alloys

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.