Copper prices strengthen as Fed pauses interest rate hike as expected
- Nov 02, 2023, at 10:10 am
LME copper prices opened at $8106/mt and closed at $8108/mt in overnight trading, a drop of 0.14%, with the low-end of $8088/mt and the high-end of $8186.5/mt. Trading volume was 18,000 lots, and open interest stood at 262,000 lots. The most active SHFE 2312 copper contract prices opened at 67330 yuan/mt and finished at 67350 yuan/mt overnight, up 0.13%, with the low-end of 67700 yuan/mt and the high-end of 67310 yuan/mt. Trading volume was 30,000 lots and open interest stood at 153,000 lots.
