Strong US Business Activity Drives Copper Prices Down Overnight

From news.metal.com

Overnight, LME copper opened at $10,330/mt, initially dipped to a low of $10,330/mt, then fluctuated upwards, reaching a high of $10,508/mt during the session, before falling back to close at $10,359/mt, with a decline of 0.36%. Trading volume reached 30,000 lots, and open interest reached 348,000 lots. Overnight, the most-traded SHFE copper contract opened at 83,610 yuan/mt, initially peaked at 84,380 yuan/mt, then fluctuated downwards, reaching a low of 83,450 yuan/mt during the session, before closing at 83,620 yuan/mt, with a decline of 0.39%. Trading volume reached 90,000 lots, and open interest reached 210,000 ... (full story)