SHANGHAI, May 15 (SMM) –SHFE 1507 copper contract prices opened at RMB 46,000/mt Thursday night, and tested a low of RMB 45,770/mt before ending at RMB 45,560/mt, down RMB 800/mt. Positions increased 6,130 and trading volumes dropped below 100,000 lots.
The most active SHFE copper contract dipped to RMB 45,770/mt early Friday but then regained the losses to end the daytime trading at RMB 46,040/mt, up RMB 40/mt. SHFE 1507 copper contract positions grew 2,048, and trading volumes declined 59,560 lots.
SHFE 1505 copper contract closed up RMB 30/mt at RMB 46,020/mt on its last trading day, with positions at 12,920.