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SMM Copper morning comment

  • nov 24, 2023, at 10:02 am
LME copper prices opened at $8416.5/mt and closed at $8397/mt in overnight trading, a gain of 0.24%, with the low-end of $8389/mt and the high-end of $8423.5/mt. Trading volume was 10,000 lots, and open interest stood at 264,000 lots. The most active SHFE 2401 copper contract prices opened at 67900 yuan/mt and finished at 68020 yuan/mt last evening, up 0.4%, with the low-end of 67830 yuan/mt and the high-end of 68100 yuan/mt. Trading volume was 21,000 lots, and open interest stood at 156,000 lots.
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