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Home / Metal News / SHFE Copper Finishes Higher (2017-1-26)

SHFE Copper Finishes Higher (2017-1-26)

Jan 26, 2017 17:54

Source:SMM

SHFE 1703 copper opened at RMB 47,750/mt and finally closed at RMB 48,040/mt.

SHANGHAI, Jan. 26 (SMM) – On Thursday, SHFE 1703 copper opened at RMB 47,750/mt and then dropped to RMB 47,580/mt. During the afternoon trading, SHFE 1703 copper advanced to RMB 48,210/mt with short covering and finally closed at RMB 48,040/mt. Positions fell 6,276 to 160,000 and trading volumes dropped 8,608 to 189,000 lots. Positions of all SHFE copper contracts were down 3,354 to 445,000 with trading volumes down 32,106 to 293,000 lots. SHFE 1703 copper hovered at highs on Thursday with positions closing by shorts.

SHFE market will close from Thursday night for 2017 Chinese New Year holiday.

SHFE copper

LME copper

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SHFE Copper to Underperform LME Copper (2017-8-24)

Copper market lacks rising momentum, and LME copper will meet resistance at USD 6,600/mt, and SHFE copper will underperform LME copper.

Aug 24, 2017 09:48

SMM Comments

SHFE Copper Closes with Big Gains (2017-7-12)

SHFE 1709 copper opened at RMB 47,330/mt and closed at RMB 47,250/mt, up RMB 410/mt.

Jul 12, 2017 18:16

SMM Comments

SHFE Copper Closes with Big Gains (2017-7-12)

LME Copper to Move Lower (2017-5-4)

LME copper will move at USD 5,560-5,610/mt during Asian trading hours on Thursday and SHFE 1706 copper will move at RMB 45,400-45,800/mt.

May 4, 2017 09:36

SMM Comments

Chaohua Technology Finishes Equipment of High-Precision Copper Foil for Li-Battery

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SMM Insight

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LME Copper to Move Lower (2017-3-13)

LME copper will trade at USD 5,700-5,760/mt on Monday and SHFE 1704 copper will move at RMB 46,800-47,300/mt.

Mar 13, 2017 09:32

SMM Comments

LME Copper to Move Lower (2017-3-10)

LME copper will trade at USD 5,650-5,710/mt on Friday and SHFE 1704 copper will move at RMB 46,000-46,500/mt.

Mar 10, 2017 09:54

SMM Comments

SHFE Copper Closes with Losses (2017-3-9)

SHFE 1705 copper opened at RMB 46,900/mt and closed at RMB 46,570/mt.

Mar 9, 2017 17:15

SMM Comments

SHFE Copper Closes with Losses (2017-3-9)

SHFE Copper to Strengthen (2017-2-13)

LME copper will trade at USD 5,950-6,100/mt on Monday and SHFE 1704 copper will move at RMB 48,300-49,800/mt.

Feb 13, 2017 10:00

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SHFE Copper Finishes Higher (2017-1-26)

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