Copper Futures Prices Rebounded as Market Expects Fed to Pause Interest Rate Hike in June

Th06 02, 2023, at 9:54 am
SMM

LME copper closed at $8,231.5/mt last evening, a rise of 1.5%.Trading volume was 20,000 lots and open interest stood at 252,000 lots. The most active SHFE 2307 copper contract finished at 65,760 yuan/mt overnight, up 0.75%. Trading volume was 46,000 lots and open interest stood at 185,000 lots.

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Copper Futures Prices Rebounded as Market Expects Fed to Pause Interest Rate Hike in June

Weekly updates on aluminium ingot and billet social inventories in China

Auminum Prices Have Climbed Above 18,400 Yuan/Mt, But Further Rise Depends On Whether Fundamentals Can Improve