SHFE Copper Falls Further (2017-6-7)-Shanghai Metals Market

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SHFE Copper Falls Further (2017-6-7)

Price Review & Forecast 05:16:42PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Wednesday, SHFE 1708 copper started at RMB 45,110/mt and then fluctuated. During the afternoon trading, the contract started falling, down as low as RMB 44,850/mt, and closed at RMB 44,880/mt. Positions rose 3,662 to 224,000 and trading volumes increased 120,000 to 278,000 lots. Positions of all SHFE copper contracts reduced 5,946.

SHFE 1708 copper will register corrections on Wednesday’s night trading.

When Will Copper Price Bottom out? SMM Reports

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Falls Further (2017-6-7)

Price Review & Forecast 05:16:42PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Wednesday, SHFE 1708 copper started at RMB 45,110/mt and then fluctuated. During the afternoon trading, the contract started falling, down as low as RMB 44,850/mt, and closed at RMB 44,880/mt. Positions rose 3,662 to 224,000 and trading volumes increased 120,000 to 278,000 lots. Positions of all SHFE copper contracts reduced 5,946.

SHFE 1708 copper will register corrections on Wednesday’s night trading.

When Will Copper Price Bottom out? SMM Reports

Key Words:  SHFE copper  LME copper  copper prices