Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Battery Separator Electrolyte Other Materials Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Copper Closes with Losses (2017-5-5)

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

May 5, 2017 18:37

Source:SMM

SHFE 1706 copper opened at RMB 45,070/mt and ended a RMB 44,980/mt, down RMB 570/mt.

SHANGHAI, May 5 (SMM) – On Friday, SHFE 1706 copper opened at RMB 45,070/mt and then climbed to RMB 45,170/mt. The contract later dipped to RMB 44,680/mt and fluctuated after finding support at the moving average. SHFE 1706 copper ended a RMB 44,980/mt, down RMB 570/mt. Positions increased 5,300 to 188,000 and trading volumes fell 64,868 to 244,000 lots.

US will issue nonfarm payrolls on Friday night, which is expected to increase, sending copper price up. SHFE 1706 copper will rally from lows in Friday’s night trading.

SHFE copper

LME copper

copper prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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)

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)

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 Losses (2017-2-24)

SHFE 1704 copper started at RMB 47,210/mt and closed at RMB 47,760/mt, down 810/mt or 1.67%.

Feb 24, 2017 18:25

SMM Comments

SHFE Copper Finishes with Losses (2017-2-24)

SHFE Copper Finishes Higher (2017-1-12)

SHFE 1703 copper started at RMB 46,820/mt and finally ended at RMB 46,980/mt, up RMB 30/mt.

Jan 12, 2017 18:05

SMM Comments

SHFE Copper to Move Lower (2016-12-8)

LME copper is predicted to range between USD 5,800-5,900/mt during the Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 47,000-47,800/mt.

Dec 8, 2016 10:06

SMM Comments

LME Copper to See Rang-Bound Trading (2016-11-28)

LME copper is expected to move at USD 5,880-5,960/mt during Asian trading hours on Monday and SHFE 1701 copper will range between RMB 48,000-48,850/mt.

Nov 28, 2016 09:51

SMM Comments

SHFE Copper to See Rang-Bound Trading (2016-11-21)

LME copper is expected to range between USD 5,400-5,480/mt during Asian trading hours on Monday and SHFE 1701 copper will move at RMB 43,600-44,500/mt.

Nov 21, 2016 09:35

SMM Comments

SHFE Copper Sets for Losses (2016-11-11)

LME copper is predicted to range between USD 5,550-5,660/mt on Friday and SHFE 1701 copper will move at RMB 44,400-45,200/mt.

Nov 11, 2016 10:01

SMM Comments

SMM Update of Output Cut Plans at 10 Chinese Major Copper Smelters in 2016

In late 2015, ten major Chinese copper smelters agreed to reduce production by 350,000 tonnes in 2016. As entering April, has the cut plan being implemented as schedule?

Mar 29, 2016 15:46

SMM Insight

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

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

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo