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

Published: Aug 10, 2017 18:23 (GMT+8)
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.

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 for 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
Peru sees 1 million t/y copper output boost within five to six years
22 hours ago
Peru sees 1 million t/y copper output boost within five to six years
Read More
Peru sees 1 million t/y copper output boost within five to six years
Peru sees 1 million t/y copper output boost within five to six years
Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta
22 hours ago
India copper producers seek GST cut as record prices raise working-capital burden
Sep 25, 2026 20:26 (GMT+8)
India copper producers seek GST cut as record prices raise working-capital burden
Read More
India copper producers seek GST cut as record prices raise working-capital burden
India copper producers seek GST cut as record prices raise working-capital burden
Indian copper producers are seeking a GST cut to 5% from 18%, citing rising working-capital requirements amid record-high copper prices.
Sep 25, 2026 20:26 (GMT+8)
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Sep 25, 2026 16:43 (GMT+8)
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Read More
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Zambia’s sulphuric acid shortage is becoming a growing constraint on copper production and refining. Jubilee Metals reported acid costs rising by more than 200% in Q4 FY2026, while Sable cathode output fell to 250 t from 361 t in Q3. Government data also showed small-scale copper production down 35.2% YoY in H1 2026, highlighting the sector’s exposure to tight acid availability and higher processing costs.
Sep 25, 2026 16:43 (GMT+8)