Nov 07, 2023 09:51
LME copper opened at $8253.5/mt overnight, with its session low and high at $8216/mt and $8255.5/mt before closing up 0.96% at $8247/mt. Trading volume was 18,000 lots, and open interest was 262,000 lots. SHFE 2312 copper contract opened at 67680 yuan/mt overnight, with its session high and low at 67830 yuan/mt and 67630 yuan/mt before closing up 0.36% at 67690 yuan/mt.
UBS Base Metals Outlook 2024: Copper Will See A Supply Deficit, Aluminum Prices Will Be Higher Later In 2024, Lead And Zinc Will Be In Small Surplus