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.