NewsFlash / Copper / London and Shanghai Copper Prices Fluctuate Overnight
London and Shanghai Copper Prices Fluctuate Overnight
iconNov 8, 2024 09:11
Source:SMM
Overnight, London copper opened at $9,527 per tonne, briefly dipping to touch a low of $9,490 per tonne at the start of trading. Prices then rallied throughout the session, experiencing narrow fluctuations towards the end of trading and touching a high of $9,688.5 per tonne, before closing at $9,678.5 per tonne. Open interest reached 277,000 contracts. The main Shanghai copper contract for December 2024 (2412) opened at RMB 76,950 per tonne overnight, immediately touching a low of RMB 76,850 per tonne at the beginning of trading. The contract then saw a gradual lift in its central tendency amidst minor fluctuations throughout the session, touching a high of RMB 77,630 per tonne towards the end of trading, and ultimately closing at RMB 77,590 per tonne, marking a 2.12% increase. Trading volume reached 44,000 contracts, with open interest at 152,000 contracts.

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