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Home / Metal News / SHFE Copper Price Up 2.76% (2017-8-17)

SHFE Copper Price Up 2.76% (2017-8-17)

Aug 17, 2017 17:26

Source:SMM

SHFE 1710 copper opened at RMB 51,370/mt and closed at RMB 51,470/mt, up RMB 1,380/mt or 2.76%.

SHANGHAI, Aug. 17 (SMM) – On Thursday, SHFE 1710 copper opened at RMB 51,370/mt and then surged to RMB 51,670/mt. Later, the contract fell back to RMB 51,320/mt. During the afternoon trading, SHFE 1710 copper kept falling with longs taking profits and rallied before closing at RMB 51,470/mt, up RMB 1,380/mt or 2.76%. Positions rose 7,080 to 235,000 and trading volumes were up 204,000 to 425,000 lots. Positions of all SHFE copper contracts rose 16,266 to 713,000 and trading volumes increased 313,000 to 625,000.

WBMS: Global Copper Market Sees Supply Deficit of 41,000 Tonnes in January-June 2017

SHFE 1710 copper will have further room to rise in a short term.

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SHFE Copper Price Up 2.76% (2017-8-17)

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