Feb 23 (Reuters) - Shanghai Dalu Futures, a brokerage on the Shanghai Futures Exchange, has amassed a $1 billion long position in copper contracts within just four days, bourse data showed.
The move comes as copper prices roughly doubled from levels seen less than a year ago thanks to a resurgence in global industrial activity and a slew of stimulus measures that look set to increase consumption, while supply remains tight.
In the four trading days after the Lunar New Year holiday, the little-known brokerage boosted its copper long positions by more than 800% to emerge as the top long position holder of the May, June and July ShFE copper contracts, visible ShFE data showed.
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Chinese brokerage builds bullish $1 bln copper bet in four days
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.7¢ | $11.17K | 400.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 647181 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 169848 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 647181 | 0.027 |
4 | 839861 | 0.026 |
5 | 800000 | 0.025 |
3 | 900000 | 0.024 |
3 | 333500 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 169848 | 4 |
0.030 | 1015833 | 3 |
0.031 | 272377 | 2 |
0.032 | 335185 | 2 |
0.033 | 100000 | 1 |
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