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SHFE Copper Strengthens (2017-5-26)
May 26,2017 18:41
CSTprice review forecast
Source:SMM
SHFE 1707 copper opened at RMB 45,920/mt and closed at RMB 46,000/mt, up RMB 90/mt.
SHANGHAI, May 26 (SMM) – On Friday, SHFE 1707 copper opened at RMB 45,920/mt and then declined to RMB 45,900/mt. During the afternoon trading, the contract stabilized above RMB 46,000/mt with short covering, and closed at RMB 46,000/mt, up RMB 90/mt. Trading volumes increase 67,000 to 270,000 lots and positions reduced 7,890 to 191,000.
SHFE market will close on Friday’s night for Chinese Dragon Boat Festival from May 28-30.
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