SHANGHAI, Jun. 16 (SMM) – On Friday, SHFE 1708 copper started at RMB 45,520/mt and then climbed to RMB 45,800/mt. The contract later fluctuated and ended at RMB 45,490/mt, down RMB 160/mt. Positions reduced 4,430 to 204,000 and trading volumes dropped 18,430 to 202,000 lots.
SHFE 1708 copper will keep fluctuating at current level for the foreseeable future.