LME copper prices opened at $8537.5/mt and closed at $8449/mt overnight, a drop of 1.29%, with the low-end of $8444/mt and the high-end of $8545/mt.Trading volume was 19,000 lots, and open interest stood at 297,000 lots. SHFE 2404 copper opened at 68800 yuan/mt overnight and fell to 68690 yuan/mt after rising to 68950 yuan/mt, closing at 68790 yuan/mt, down 0.51%. The trading volume was 24,000 lots, and open interest stood at 151,000 lots. On the macro front, the slight strengthening of the U.S. dollar last night combined with rising Chinese inventories suppressed copper prices. However, under the news of sanctions, ... (full story)