SMM

LME copper prices opened at $8340/mt overnight before reaching a low of $8326/mt and a high of $8454/mt, and closed at $8447.5/mt, a rise of 1.67%. Trading volumes were 27,000 lots and open interest stood at 261,000 lots. The most active SHFE 2312 copper contract prices opened at 68010 yuan/mt and finished at 68460 yuan/mt overnight, up 0.82%, with the low-end of 67880 yuan/mt and the high-end of 68460 yuan/mt. Trading volume was 26,000 lots and open interest stood at 125,000 lots.