SHFE Copper Closes Lower (2017-6-5)-Shanghai Metals Market

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SHFE Copper Closes Lower (2017-6-5)

Price Review & Forecast 05:17:40PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – On Monday, SHFE 1708 copper started at RMB 45,360/mt and then fell to RMB 45,310/mt quickly. The contract ended at RMB 45,280/mt, down RMB 130/mt. Positions increased 2,462 to 208,000 and trading volumes increased 35,630 lots. SHFE 1708 copper fluctuated on Monday with strong resistance.

The contract will fluctuate at current level in a short term.

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Closes Lower (2017-6-5)

Price Review & Forecast 05:17:40PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – On Monday, SHFE 1708 copper started at RMB 45,360/mt and then fell to RMB 45,310/mt quickly. The contract ended at RMB 45,280/mt, down RMB 130/mt. Positions increased 2,462 to 208,000 and trading volumes increased 35,630 lots. SHFE 1708 copper fluctuated on Monday with strong resistance.

The contract will fluctuate at current level in a short term.

Key Words:  SHFE copper  LME copper  copper prices