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Home / Metal News / SHFE Copper Finishes with Losses (2017-7-14)

SHFE Copper Finishes with Losses (2017-7-14)

Jul 14, 2017 20:27

Source:SMM

SHFE 1709 copper opened at RMB 47,000/mt and ended at RMB 47,160/mt, down RMB 160/mt.

SHANGHAIM, Jul. 14 (SMM) – On Friday, SHFE 1709 copper opened at RMB 47,000/mt and then climbed to RMB 47,210/mt. The contract fell back at the tail of trading and ended at RMB 47,160/mt, down RMB 160/mt. Positions fell 518 to 203,000 and trading volumes rose 16,222 to 166,000 lots. Positions of all SHFE copper contracts reduced 2,308 to 589,000. The Shanghai Interbank Offered Rate (Shibor) fell after MLF extension by People’s Bank of China, with sufficient liquidity.

SHFE 1709 copper will hover at highs in a short term. Eyes should be on US’s June CPI and retail sales on Friday night.

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LME copper will move at USD 5,580-5,630/mt during Asian trading hours on Wednesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.s

May 17, 2017 09:12

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-17)

LME Copper to See Range-Bound Trading (2017-5-16)

LME copper will move at USD 5,565-5,625/mt during Asian trading hours on Tuesday and SHFE 1707 copper will move at RMB 45,200-45,600/mt.

May 16, 2017 09:27

SMM Comments

LME Copper to See Range-Bound Trading (2017-5-16)

SHFE Copper Finishes Lower (2017-4-13)

SHFE 1706 copper opened lower at RMB 45,700/mt and closed at RMB 46,480/mt, down RMB 150/mt.

Apr 13, 2017 17:18

SMM Comments

SHFE Copper Finishes with Losses (2017-2-24)

SHFE 1704 copper started at RMB 47,210/mt and closed at RMB 47,760/mt, down 810/mt or 1.67%.

Feb 24, 2017 18:25

SMM Comments

SHFE Copper Finishes with Losses (2017-2-24)

SHFE Copper Finishes Higher (2017-1-12)

SHFE 1703 copper started at RMB 46,820/mt and finally ended at RMB 46,980/mt, up RMB 30/mt.

Jan 12, 2017 18:05

SMM Comments

SHFE Copper to Move Lower (2016-12-8)

LME copper is predicted to range between USD 5,800-5,900/mt during the Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 47,000-47,800/mt.

Dec 8, 2016 10:06

SMM Comments

LME Copper to See Rang-Bound Trading (2016-11-28)

LME copper is expected to move at USD 5,880-5,960/mt during Asian trading hours on Monday and SHFE 1701 copper will range between RMB 48,000-48,850/mt.

Nov 28, 2016 09:51

SMM Comments

SHFE Copper to See Rang-Bound Trading (2016-11-21)

LME copper is expected to range between USD 5,400-5,480/mt during Asian trading hours on Monday and SHFE 1701 copper will move at RMB 43,600-44,500/mt.

Nov 21, 2016 09:35

SMM Comments

SHFE Copper Sets for Losses (2016-11-11)

LME copper is predicted to range between USD 5,550-5,660/mt on Friday and SHFE 1701 copper will move at RMB 44,400-45,200/mt.

Nov 11, 2016 10:01

SMM Comments

SMM Update of Output Cut Plans at 10 Chinese Major Copper Smelters in 2016

In late 2015, ten major Chinese copper smelters agreed to reduce production by 350,000 tonnes in 2016. As entering April, has the cut plan being implemented as schedule?

Mar 29, 2016 15:46

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SHFE Copper Finishes with Losses (2017-7-14)

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