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SMM Copper morning comment

  • nov 01, 2023, at 10:00 am
LME copper prices opened at $8130/mt and closed at $8119/mt in overnight trading, a drop of 0.24%, with the low-end of $8080/mt and the high-end of $8159/mt. Trading volume was 16,000 lots, and open interest stood at 269,000 lots. The most active SHFE 2312 copper contract prices opened at 67330 yuan/mt and closed at 67330 yuan/mt last evening, down 0.15%, with the high-end of 67430 yuan/mt and the low-end of 67150 yuan/mt. Trading volumes stood at 22,000 lots and open interest stood at 155,000 lots.
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