SHANGHAIM, Jun. 22 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 46,100/mt and then slipped to RMB 46,050/mt. During the afternoon trading, the contract surrendered some previous gains with leaving of longs, plunging to around RMB 45,800/mt. SHFE 1708 copper ended at RMB 45,810/mt, up RMB 310/mt. Trading volumes rose 38,000 to 232,000 lots and positions reduced 7,964 to 198,000.
There is a big possibility for SHFE 1708 copper to decline.
![Cargas spot escassas em Lingang, negociações calmas pela manhã [Cobre spot de SMM Yangshan]](https://imgqn.smm.cn/usercenter/xKfXl20251217171711.jpg)

![Prêmios atingiram recorde, interesse de compra downstream diminuiu, negociações em geral mais fracas que ontem [SMM cobre spot do sul da China]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
