LME and Shanghai Copper Rise Overnight, Boosted by Market Momentum

Publicado: Sep 6, 2024 09:00
Overnight, LME copper opened at USD 9,015 per ton, hitting a low of USD 9,006 per ton shortly after the opening, and then rose steadily, peaking at USD 9,158 per ton during the session. Towards the end of the session, the price slightly dipped, closing at USD 9,100.5 per ton, up 1.51% from the previous close. Trading volume reached 23,000 lots, and open interest stood at 279,000 lots. The main Shanghai copper contract 2410 opened at RMB 72,310 per ton overnight, touching a low of RMB 72,240 per ton shortly after the opening. It then rose steadily, peaking at RMB 73,050 per ton during the session. Subsequently, the price slightly dipped, consolidating towards the end of the session, and finally closed at RMB 72,610 per ton, up 0.92% from the previous close. Trading volume reached 64,000 lots, and open interest stood at 164,000 lots.

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