SHFE Copper Sets with Losses (2017-6-6)-Shanghai Metals Market

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SHFE Copper Sets with Losses (2017-6-6)

Price Review & Forecast 05:29:28PM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Tuesday, SHFE 1708 copper opened at RMB 45,170/mt and then fluctuated. During the afternoon trading, the contract fell back after meeting resistance at the 10-day moving average after climbing to RMB 45,310/mt. SHFE 1708 copper ended lower at RMB 44,920/mt. Positions rose 12,070 and trading volumes increased 824 lots.

SHFE 1708 copper declined further on Tuesday. The contract will register corrections on Tuesday’s night trading.

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Sets with Losses (2017-6-6)

Price Review & Forecast 05:29:28PM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Tuesday, SHFE 1708 copper opened at RMB 45,170/mt and then fluctuated. During the afternoon trading, the contract fell back after meeting resistance at the 10-day moving average after climbing to RMB 45,310/mt. SHFE 1708 copper ended lower at RMB 44,920/mt. Positions rose 12,070 and trading volumes increased 824 lots.

SHFE 1708 copper declined further on Tuesday. The contract will register corrections on Tuesday’s night trading.

Key Words:  SHFE copper  LME copper  copper prices