SHANGHAI, Jun. 9 (SMM) – On Friday, SHFE 1708 copper opened at RMB 45,740/mt and then fluctuated at around RMB 45,780/mt. During the afternoon trading, the contract climbed to RMB 46,000/mt and then closed at RMB 45,930/mt. Positions rose 1,722 to 221,000 and trading volumes increased 72,000 to 281,000 lots.
SHFE 1708 copper will move higher on Friday’s night trading.