SHFE Copper Closes with Gains (2017-8-24)-Shanghai Metals Market

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SHFE Copper Closes with Gains (2017-8-24)

Price Review & Forecast 05:24:46PM Aug 24, 2017 Source:SMM

SHANGHAI, Aug. 24 (SMM) – On Thursday, SHFE 1710 copper opened at RMB 51,740/mt and then fell to RMB 51,620/mt. The contract later rallied to RMB 51,960/mt and dropped again. SHFE 1710 copper advanced to RMB 52,150/mt and fell after longs took profits and ended at RMB 51,890/mt, up RMB 250/mt. Positions rose 3,188 to 221,000 and trading volumes reduced 39,528 to 291,000 lots. Positions of all SHFE copper contracts were up 2,374 to 703,000. S

SHFE 1710 copper will rise after a slight decline in a short term.

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Closes with Gains (2017-8-24)

Price Review & Forecast 05:24:46PM Aug 24, 2017 Source:SMM

SHANGHAI, Aug. 24 (SMM) – On Thursday, SHFE 1710 copper opened at RMB 51,740/mt and then fell to RMB 51,620/mt. The contract later rallied to RMB 51,960/mt and dropped again. SHFE 1710 copper advanced to RMB 52,150/mt and fell after longs took profits and ended at RMB 51,890/mt, up RMB 250/mt. Positions rose 3,188 to 221,000 and trading volumes reduced 39,528 to 291,000 lots. Positions of all SHFE copper contracts were up 2,374 to 703,000. S

SHFE 1710 copper will rise after a slight decline in a short term.

Key Words:  SHFE copper  LME copper  copper prices