Home / Metal News / SHFE 1709 Copper Pares Some Gains (2017-7-18)

SHFE 1709 Copper Pares Some Gains (2017-7-18)

iconJul 18, 2017 18:05
Source:SMM
On Tuesday, SHFE 1709 copper rose to RMB 47,900/mt after opening at RMB 47,870/mt.

SHANGHAI, Jul. 18 (SMM) – On Tuesday, SHFE 1709 copper rose to RMB 47,900/mt after opening at RMB 47,870/mt. Prices fell back to RMB 47,560/mt in the afternoon before ending up RMB 170/mt at RMB 47,690/mt. Trading volumes of SHFE 1709 copper fell 69,188 lots to 205,000 lots, and positions fell 8,538 lots to 212,000 lots. Positions of all SHFE copper contracts fell 10,790 lots to 601,000 lots. The decline was due to profit-taking by longs. However, copper prices will see limited downward corrections and remain positive in the short term. 


 



 

Cu price
copper prices
SHFE copper prices

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

Related news

SMM Events & Webinars

All