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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

copper prices

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Nov 15, 2021 14:47

Analysis

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.

Nov 4, 2021 17:32

Analysis

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

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

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)

LME Copper to See Range-Bound Trading (2017-3-3)

LME copper will trade at USD 5,900-5,980/mt on Friday and SHFE 1704 copper will move at RMB 47,900-48,500/mt.

Mar 3, 2017 09:25

SMM Comments

LME Copper to See Range-Bound Trading (2017-3-3)

LME Copper to Stay Firm (2017-3-2)

LME copper will trade at USD 5,960-6,060/mt on Thursday and SHFE 1704 copper will move at RMB 48,500-49,100/mt.

Mar 2, 2017 09:41

SMM Comments

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SHFE Copper Finishes Higher (2017-1-26)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

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