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Home / Metal News / SHFE Copper Ends Higher (2017-3-31)

SHFE Copper Ends Higher (2017-3-31)

Mar 31, 2017 19:55

Source:SMM

SHFE 1705 copper started at RMB 47,600/mt and ended at RMB 47,750/mt.

SHANGHAI, Mar. 31 (SMM) – On Friday, SHFE 1705 copper started at RMB 47,600/mt. China’s official manufacturing PMI was 51.8 in March, hitting the highest since April 2014. SHFE 1705 copper thus advanced to RMB 47,780/mt and then declined to RMB 47,640/mt with rising US dollar index. The contract increased slightly at the tail of trading and ended at RMB 47,750/mt. Positions fell 9,264 to 194,000 and trading volumes rose 129,000 to 393,000 lots. Positions of SHFE 1706 copper increased 8,160 to 135,094. Positions of all SHFE copper contracts increased 152 to 527,518 with trading volumes up 223,000 to 640,000 lots.

SHFE 1705 copper stabilized on Friday and will close on Friday’s night trading for Chinese Qingming Festival.

SHFE copper

LME copper

copper prices

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SHANGHAI, Feb 9 - The average daily spot price of SMM1# copper was 71,070 yuan/mt on the first day after the Spring Festival, an increase of 570 yuan/mt from January 28, and the closing price of SHFE copper was 70,430 yuan/mt, an increase of 140 yuan/mt.

Feb 9, 2022 14:24

SMM Comments SMM Insight

Low Inventories Will Support Copper Prices Amid Diverging Macro Signals in China and Overseas

Chinese Smelters to Increase Exports as Short Squeeze Pushed LME Copper Prices Higher

As Europe’s largest refined zinc producer Nyrstar decided to cut output in the fourth quarter due to the soaring electricity prices in Europe and the significant increase in carbon emissions-related costs, the market concerns of inflation caused by the global energy crisis has risen sharply. And the sharp growth in the cost of industrial products will gradually be passed onto the prices.

Oct 28, 2021 16:03

Analysis

Chinese Smelters to Increase Exports as Short Squeeze Pushed LME Copper Prices Higher

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

Guangdong Chaohua Technology announced on May 2 that the company finished installation and debugging on equipment of 6-8um high-precision copper foil for Li-battery.

May 3, 2017 13:38

SMM Insight

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

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 Ends Higher (2017-3-31)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo