Copper Prices Move Rangebound amid Market Fears over Fed Pausing Interest Rate Hikes

Th06 08, 2023, at 10:03 am
SMM

LME copper prices closed at $8,293/mt overnight, a decline of 0.38%. Trading volume was 21,000 lots and open interest stood at 252,000 lots. The most active SHFE 2307 copper contract finished at 66,690 yuan/mt overnight, up 0.23%. Trading volume was 48,000 lots and open interest stood at 187,000 lots.

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Copper Prices Move Rangebound amid Market Fears over Fed Pausing Interest Rate Hikes

Aluminium Prices Closed With Gains, Expectations For US Interest Hike Grow After Unexpected Rate Hike By The Bank Of Canada

SMM Morning Comments (Jun 8): Base Metals Closed Mostly with Gains Amid Expectations For US Interest Hike Grow After Unexpected Rate Hike By The Bank Of Canada.