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Home / Metal News / SHFE Copper Ends with Losses (2017-3-10)

SHFE Copper Ends with Losses (2017-3-10)

Mar 10, 2017 19:41

Source:SMM

SHFE 1705 copper started at RMB 46,590/mt and closed at RMB 46,650/mt, down RMB 320/mt.

SHANGHAI, Mar. 10 (SMM) – On Friday, SHFE 1705 copper started at RMB 46,590/mt. China’s central bank withdrew a net RMB 110 billion for two weeks in a row. SHFE 1705 copper declined with rising positions and found support at RMB 46,470/mt. With falling US dollar index and strike at Cerro Verde copper mine, SHFE 1705 copper rallied and closed at RMB 46,650/mt, down RMB 320/mt. Positions were up 5,562 to 199,000 and trading volumes were down 24,208 to 207,000 lots. Positions of all SHFE copper contracts dropped 252 to 546,000 with trading volumes down 97,544 to 460,000 lots. SHFE 1705 copper dropped at first and then rallied on Friday.

The contract will staged technical rally with support at the 20-week moving average.

SHFE copper

LME copper

copper prices

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LME copper will move at USD 5,580-5,630/mt during Asian trading hours on Wednesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.s

May 17, 2017 09:12

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-17)

SHFE Copper Closes with Losses (2017-5-16)

SHFE 1707 copper opened at RMB 45,380/mt and closed at RMB 45,170/mt.

May 16, 2017 17:50

SMM Comments

SHFE Copper Closes with Losses (2017-5-16)

LME Copper to See Range-Bound Trading (2017-5-16)

LME copper will move at USD 5,565-5,625/mt during Asian trading hours on Tuesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.

May 16, 2017 09:27

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-16)

LME Copper to Strengthen (2017-5-15)

LME copper will move at USD 5,540-5,585/mt during Asian trading hours on Monday and SHFE 1707 copper will move at RMB 45,000-45,400mt.

May 15, 2017 09:09

SMM Comments

LME Copper to See Rang-Bound Trading (2017-4-28)

LME copper will move at USD 5,690-5,730/mt during Asian trading hours on Friday and SHFE 1706 copper will move at RMB 46,100-46,400/mt.

Apr 28, 2017 09:25

SMM Comments

LME Copper to See Rang-Bound Trading (2017-4-28)

SHFE Copper Finishes Lower (2017-4-13)

SHFE 1706 copper opened lower at RMB 45,700/mt and closed at RMB 46,480/mt, down RMB 150/mt.

Apr 13, 2017 17:18

SMM Comments

SHFE Copper Finishes with Gains (2017-3-20)

SHFE 1705 copper opened at RMB 48,080/mt and closed at RMB 47,980/mt, up RMB/mt.

Mar 20, 2017 17:36

SMM Comments

SHFE Copper Finishes with Gains (2017-3-20)

LME Copper to See Range-Bound Trading (2017-3-17)

LME copper will trade at USD 5,880-5,950/mt on Friday and SHFE 1705 copper will move at RMB 47,800-48,300/mt.

Mar 17, 2017 09:27

SMM Comments

SHFE Copper Finishes Higher (2017-3-16)

SHFE 1705 copper opened at RMB 47,990/mt and closed at RMB 48,160/mt, up RMB 720/mt.

Mar 16, 2017 16:46

SMM Comments

23% Chinese Copper Wire&Cable Producers Bullish toward Copper Prices

An SMM survey of 22 Chinese copper wire&cable producers reveals 23% are bullish toward copper prices, thanks to improved market sentiment.

Jan 4, 2016 14:45

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SHFE Copper Ends with Losses (2017-3-10)

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