SMM

LME copper prices opened at $8497/mt and closed at $8427/mt in overnight trading, a drop of 2.3%, with the low-end of $8427/mt and the high-end of $8515/mt. Trading volume was 26,000 lots, and open interest stood at 279,000 lots. The most active SHFE 2401 copper contract prices opened at 68380 yuan/mt and closed at 68190 yuan/mt last evening, down 0.9%, with the high-end of 68560 yuan/mt and the low-end of 68070 yuan/mt. Trading volumes stood at 34,000 lots and open interest stood at 167,000 lots.