LME copper prices opened at a low of $8,840/mt on Monday, reaching a low of $8,835.5/mt, and dropped to $8,840/mt after hitting a high of $8,933/mt, and finally closed at $8,863/mt. Trading volume was 16,000 lots, and open interest was 314,000 lots. Overnight, the most-traded SHFE 2405 copper contract opened 72,180 yuan/mt, hitting a low of 72,160 yuan/mt, and declined after a hiking to 72,520 yuan/mt, and finally closed at 72,340 yuan/mt. Trading volume was 38,000 lots and open interest was 196,000 lots. On the macro front, Federal Reserve was still cautious about cutting interest rates, and the US dollar inched ... (full story)