Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Aug. 16 (SMM) –On Wednesday, SHFE 1710 copper moved higher after opening at RMB 50,330/mt. But, the most active contract then fell back to RMB 50,140/mt before ending down RMB 70/mt at RMB 50,170/mt. Trading volumes increased 52,554 lots to 221,000 lots, and positions increased 1,276 lots to 228,000 lots. SHFE 1710 copper will hover near current level, with resistance at the 10-day moving average. Market will eye euro zone’s Q2 GDP and US housing starts data tonight.
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