SHANGHAI, Jun. 3 (SMM) – SHFE 1508 copper contract prices started Tuesday’s night session at RMB 43,730/mt and climbed to RMB 43,870/mt before meeting resistance. The prices then retreated to RMB 43,680/mt and finished the session at RMB 43,740/mt, down RMB 130/mt.
The August-delivery SHFE copper moved in a narrow range Wednesday and touched a low of RMB 43,500/mt before ending at RMB 43,530/mt, down RMB 50/mt. Positions in the most active copper contract declined 8,112 and trading volumes increased 672 lots.