LME copper closed with a gain of 1.01% at $8,528/mt overnight. Trading volume stood at 22,000 lots. Open interest stood at 254,000 lots. The most active SHFE 2307 copper contract finished at 68,160 yuan/mt overnight, up 0.44%. Trading volume was 29,000 lots and open interest stood at 188,000 lots.

As of 15:08 CST, WTI oil and Brent oil rose 0.55% and 0.79% respectively.

LME copper prices closed at $8,339/mt last Friday evening, down 0.39%. Trading volume was 17,000 lots and open interest stood at 253,000 lots. The most active SHFE 2307 copper contract finished at 67,240 yuan/mt overnight, up 0.54%. Trading volume was 50,000 lots, and open interest stood at 184,000 lots.

Crude oil fell for two consecutive days. As of 15:06 CST today, WTI oil and Brent oil fell 0.49% and 0.47% respectively.

Shanghai nonferrous metals closed mostly with losses in day trading.

Copper prices fell after increasing in April.

Shanghai nonferrous metals closed mixed in day trading. 

The operating rates of copper rod plants using copper scrap were 52.09% between May 8 and May 12, a surge of 9.38 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). During Labour Day holidays, some copper rod plants using copper scrap as raw materials were forced to shut down due to the difficulty of purchasing raw materials. But they did not suspend purchasing raw materials during and after the holidays. Adequate raw materials enabled these plants to resume production last week, growing the average operating rate.

SHANGHAI, May 15 (SMM) - Transactions remained thin in nickel sulphate market as ternary precursor plants still restocked only as needed.

SHANGHAI, May 15 (SMM) - The prices of lithium carbonate extended gains last week.