SHANGHAI, May 12 (SMM) – On Friday, SHFE 1707 copper started at RMB 44,940/mt and then fluctuated at the opening level. During the afternoon trading, the contract advanced to RMB 45,100/mt with entering of longs and later declined as longs took profits. SHFE 1707 copper closed at RMB 44,930/mt, down RMB 10/mt. Positions increased 15,000 and trading volumes rose 5,782 lots. Positions of all SHFE copper contracts were up 13,983 to 608,270.
SHFE 1707 copper will keep fluctuating at current level on Friday’s nigh trading.