Domestic Copper Demand Remains Weak, Copper Prices Under Pressure Overnight [SMM Copper Morning Comment]
- Mei 27, 2024, at 10:03 am
Last Friday evening, LME copper opened at $10,382/mt, hitting a session low of $10,316.5/mt before closing at $10,334/mt, a decrease of 0.24%. Trading volume reached 16,000 lots, and open interest was 348,000 lots. Last Friday evening, the most-traded SHFE copper contract opened at ¥83,750/mt. It initially rose to ¥84,170/mt before fluctuating widely, then declined to a session low of ¥83,450/mt before consolidating and closing at ¥83,490/mt, a decrease of 0.44%.
