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.