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Copper prices went up as US core PCE hit new low

  • out 30, 2023, at 10:11 am
LME copper prices opened at $8035/mt and closed at $8091/mt in last Friday evening trading, a gain of 1.29%, with the low-end of $8028/mt and the high-end of $8122.5/mt. Trading volume was 20,000 lots, and open interest stood at 270,000 lots. The most active SHFE 2312 copper contract prices opened at 67120 yuan/mt and finished at 67210 yuan/mt last Friday evening, up 0.89%, with the low-end of 67100 yuan/mt and the high-end of 67120 yuan/mt. Trading volume was 40,000 lots, and open interest stood at 156,000 lots.
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