Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 44,650/mt in Wednesday’s night session and then rose slightly to close flat at RMB 44,660/mt. During the night session, trading volumes for the SHFE 1503 copper contract totaled over 100,000 lots, while positions gained by 1,002.
SHFE copper fluctuated narrowly around RMB 45,780/mt ahead of the morning trading session, but later finished up RMB 20/mt, or 0.04% at RMB 44,680/mt. Trading volumes for the most active contract decreased 109,000 lots, while positions fell 3,126 lots.
Zhejiang Yaang Pipe Industry Co., Limited