The 20 largest brokers on the Shanghai Futures Exchange ranked by open interest held a combined net-long position of 8,598 copper contracts on Friday from 16,778 lots a week earlier, according to Bloomberg calculations based on exchange data.
The companies held 242,040 long positions and 233,442 short positions, the data showed. Jinrui Futures Co., a unit of Jiangxi Copper Co., China’s largest producer, is the biggest holder of copper positions on both sides.
On Shanghai’s aluminum futures, the 20 top brokers held a combined net-short position of 41,665 lots as of Friday, compared with 51,490 contracts last week, data show.
— With assistance by Alfred Cang