SHANGHAI, Oct. 13 (SMM) – LME copper opened at USD 5,298/mt overnight and then fell back from high responding to crude oil prices, to end at USD 5,301/mt, edging up USD 1/mt. Positions grew 4,826 but trading volumes fell more than 17,000 lots.
SHFE 1512 copper started at RMB 40,180/mt during Monday evening session and then retreated to the 20-day moving average, tracing LME copper. Then the red metal stabilized around RMB 39,900/mt and closed at RMB 39,910/mt, down by MRB 170/mt or 0.42%. Positions declined 394 to 226,416 and trading volumes were around 140,000 lots.
With a sump in crude oil prices, LME copper will move in USD 5,280-5,330/mt during Asian trading hours. SHFE 1512 copper should range between RMB 39,800-40,300/mt on October 13 and spot discounts of RMB 0-50/mt is expected over SHFE 1510 copper.
![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
