NewsFlash / Copper / SMM Morning Meeting Summary: LME and SHFE Copper Prices Rise
SMM Morning Meeting Summary: LME and SHFE Copper Prices Rise
iconJan 10, 2025 09:23
Source:SMM
[SMM Morning Meeting Summary: Overnight, LME copper opened at $9,084.5/mt, initially moved downward and hit a low of $9,056.5/mt. During the session, it fluctuated within a wide range, then fluctuated upward at the end of the session, reaching a high of $9,114/mt, and finally closed at $9,111.5/mt, up by 0.67%. Trading volume reached 18,000 lots, and open interest stood at 261,000 lots. Overnight, the most-traded SHFE copper 2502 contract opened at 75,020 yuan/mt, initially hit a high of 75,250 yuan/mt, then moved downward and touched a low of 74,990 yuan/mt. Subsequently, it fluctuated rangebound and finally closed at 75,120 yuan/mt, up by 0.58%. Trading volume reached 19,000 lots, and open interest stood at 140,000 lots.]

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