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SMM Copper Morning Comment

  • Nov 17, 2023, at 9:52 am
LME copper prices opened at $8312.5/mt and closed at $8241/mt in overnight trading, a decline of 0.43%, with the low-end of $8212/mt and the high-end of $8309/mt. Trading volume was 22,000 lots, and open interest stood at 260,000 lots. The most active SHFE 2312 copper contract prices opened at 67870 yuan/mt and closed at 67600 yuan/mt last evening, down 0.32%, with the high-end of 68020 yuan/mt and the low-end of 67500 yuan/mt. Trading volumes stood at 25,000 lots and open interest stood at 135,000 lots.
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