Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAIM, Jul. 3 (SMM) – On Monday, SHFE 1709 copper opened at RMB 47,520/mt and then fell to RMB 47,390/mt, hurt by rallying US dollar index. China’s Caixin manufacturing PMI was 50.4 in June, staying at highs for three months in a row. SHFE 1709 copper thus climbed to RMB 47,650/mt with positions opening by longs and ended at RMB 47,600/mt. Positions increased 7,586 to 188,000 and trading volumes rose 1,790 to 105,000 lots.
What Fuels Copper Price Surge? Will Gains Prove Sustainable? SMM Reports
SHFE 1709 copper will fluctuate at current level in a short term.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn