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

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Copper Finishes Lower (2017-2-22)

SHFE Copper Finishes Lower (2017-2-22)

Feb 22, 2017 16:14

Source:SMM

SHFE 1704 copper started at RMB 49,040/mt and ended at RMB 48,660/mt, down RMB 390/mt.

SHANGHAI, Feb. 22 (SMM) – On Wednesday, SHFE 1704 copper started at RMB 49,040/mt and then declined with entering of shorts. Later, the contract dipped to RMB 48,640/mt, hurt by exit of longs, and fell below the 5 and 10-day moving average to RMB 48,500/mt. SHFE 1704 copper ended at RMB 48,660/mt, down RMB 390/mt. Positions fell 58,930 to 406,000 and trading volumes dropped 25,950 to 270,000 lots. Positions of all SHFE copper contracts were down 684 to 544,000 with trading volumes down 58,930 to 406,000 lots. SHFE 1704 copper dropped due to falling ferrous metal on Wednesday and positions dropped with longs and shorts taking profits.

Escondida copper mine announced not to replace striking workers in 30 days, allowing SHFE 1704 copper to hover at highs in a short term.

SHFE copper

LME copper

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

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.

time

Aug 24, 2017 09:48

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.

time

Jul 12, 2017 18:16

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.

time

May 4, 2017 09:36

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

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.

time

Mar 13, 2017 09:32

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.

time

Mar 10, 2017 09:54

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

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

time

Mar 9, 2017 17:15

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.

time

Mar 3, 2017 09:25

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.

time

Mar 2, 2017 09:41

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

SMM Events & Webinars

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
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

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

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.