Shanghai base metals mostly closed lower in the overnight trading last Friday, and their counterparts on LME closed mixed. LME copper fell 2.32%, aluminium rose 0.32%, lead increased 1.04%, and zinc dropped 0.7%. SHFE copper dropped 2.04%, aluminium fell 1.06%, lead rose 0.29%, zinc fell 1.34%, and nickel lost 0.48%. Copper: Three-month LME copper opened at $9,935/mt last Friday, and fell to the lowest point at $9,698.5/mt, then rebounded to close at $9,731.5/mt, down 2.32%. The trading volume was 15,000 lots, and the open interest was 249,000 lots. Three-month LME copper is expected to trade between $9,680-9,780/mt ... (full story)