SHANGHAI, May 3 (SMM) – SHFE 1607 copper started at RMB 37,780/mt on Tuesday and moved higher to RMB 37,970/mt answering to crude oil prices. But later the red metal dived to RMB 37,420/mt, hurt by ferrous metals prices before closing the session at RMB 37,9120/mt, up RMB 390/mt or 1.04%. Positions were up 7,802. Positions for all SHFE copper contracts grew 9,526 to 690,000 with trading volumes at 400,000 lots.
SHFE 1607 copper may move around RMB 38,000/mt tonight.

![Durante el período festivo en China, el plomo en la LME continuó consolidándose dentro de un rango [SMM Lead Morning Update]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)
![Bajo inventario de lingotes de plomo antes de las vacaciones y escasa actividad comercial; se espera que los precios del plomo se consoliden a la baja [Resumen de la reunión matutina sobre plomo de SMM]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
