SHFE Copper Ends with losses (2017-8-10)

Published: Aug 10, 2017 18:23

Save

SFHE 1710 copper opened at RMB 50,900/mt and closed at RMB 50,790/mt.

SHANGHAI, Aug. 10 (SMM) – On Thursday, SFHE 1710 copper opened at RMB 50,900/mt and then fluctuated at around RMB 50,870/mt. During the afternoon trading, the contract dipped to RMB 50,640/mt and closed at RMB 50,790/mt. Positions reduced 20,230 to 238,000 and trading volumes dropped 193,000 to 464,000 lots.

SHFE 1710 copper will decline without positive news.

SHFE copper LME copper copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

42 mins ago

Month-End Downstream Restocking Demand Declined, Suppliers Slightly Lowered Premiums for Shipments [SMM South China Spot Copper]

42 mins ago

1 hour ago

Suppliers' Willingness to Sell Increased at Month-End, While Spot Premiums Remained Stable [SMM North China Spot Copper]

Today, spot prices of #1 copper cathode in North China against the front-month contract were reported at a discount of 90 yuan/mt to a discount of 50 yuan/mt, with the average price unchanged from the previous trading day, while the average transaction price fell 165 yuan/mt from the previous trading day to 95,180 yuan/mt.

1 hour ago

Brief Analysis of China’s Customs Declarations for Imported Copper Scrap and Shredded Copper Scrap in February 2026

[Latest Data from the General Administration of Customs] In February 2026, China imported 167,900 mt in physical content of copper scrap and shredded copper scrap. Of this, 100,700 mt was imported through customs declarations filed with Ningbo Customs, ranking first and accounting for 59.94%; 17,400 mt was imported through customs declarations filed with Guangdong Customs, ranking second and accounting for 10.34%. (HS code: 74040000)

1 hour ago