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SHFE Copper Finishes Lower (2017-4-13)
Apr 13, 2017 17:18Source:SMM
SHFE 1706 copper opened lower at RMB 45,700/mt and closed at RMB 46,480/mt, down RMB 150/mt.
SHANGHAI, Apr. 13 (SMM) – On Thursday, SHFE 1706 copper opened lower at RMB 45,700/mt and then climbed to the moving average with positions opening by longs. During the afternoon trading, the contract regained Wednesday night’s lost ground to RMB 46,550/mt and closed at RMB 46,480/mt, down RMB 150/mt. Trading volumes increased 63,724 to 511,384 lots and positions rose 4,278 to 229,726. SHFE 1706 copper rallied from lows on Thursday.
The contract will fluctuate at lows on Thursday’s night trading, waiting for market direction.
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