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Possible Fed Rate Hike due to Resilience of US Economy will Put Pressure on Copper Prices

  • avr. 17, 2023, at 9:40 am
  • SMM
LME copper prices closed at $9,044/mt last Friday evening, a decline of 0.3%. Trading volume was 22,000 lots and open stood at 257,000 lots. SHFE 2305 copper contract prices finished at 69,850 yuan/mt last Friday evening, down 0.3%. Trading volume was 51,000 lots, and open interest stood at 183,000 lots.
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