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SMM Copper morning comment

  • Nov 09, 2023, at 10:02 am
LME copper prices opened at $8182.5/mt and closed at $8106/mt in overnight trading, a drop of 1.09%, with the low-end of $8101/mt and the high-end of $8192.5/mt. Trading volume was 17,000 lots, and open interest stood at 263,000 lots. The most active SHFE 2312 copper contract prices opened at 67400 yuan/mt and closed at 67110 yuan/mt last evening, down 0.33%, with the high-end of 67550 yuan/mt and the low-end of 67050 yuan/mt. Trading volumes stood at 22,000 lots and open interest stood at 145,000 lots.
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