SHFE Copper Strengthens (2017-6-22)-Shanghai Metals Market

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SHFE Copper Strengthens (2017-6-22)

Price Review & Forecast 04:29:51PM Jun 22, 2017 Source:SMM

SHANGHAIM, Jun. 22 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 46,100/mt and then slipped to RMB 46,050/mt. During the afternoon trading, the contract surrendered some previous gains with leaving of longs, plunging to around RMB 45,800/mt. SHFE 1708 copper ended at RMB 45,810/mt, up RMB 310/mt. Trading volumes rose 38,000 to 232,000 lots and positions reduced 7,964 to 198,000.

There is a big possibility for SHFE 1708 copper to decline.

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Strengthens (2017-6-22)

Price Review & Forecast 04:29:51PM Jun 22, 2017 Source:SMM

SHANGHAIM, Jun. 22 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 46,100/mt and then slipped to RMB 46,050/mt. During the afternoon trading, the contract surrendered some previous gains with leaving of longs, plunging to around RMB 45,800/mt. SHFE 1708 copper ended at RMB 45,810/mt, up RMB 310/mt. Trading volumes rose 38,000 to 232,000 lots and positions reduced 7,964 to 198,000.

There is a big possibility for SHFE 1708 copper to decline.

Key Words:  SHFE copper  LME copper  copper prices