LME and SHFE Copper Prices Fluctuate with Slight Declines on Last Friday Night

Last Friday night, LME copper opened at $9,100/mt, fluctuated at a high level initially and peaked at $9,113/mt. It then declined all the way, hitting a low of $9,036/mt during the session. By the end of the session, the center rebounded slightly, closing at $9,056.5/mt, down by 0.17%. Trading volume reached 15,000 lots, and open interest stood at 270,000 lots.

Last Friday night, the most-traded SHFE copper 2501 contract opened at 74,680 yuan/mt, initially peaked at 74,870 yuan/mt, and then declined all the way, hitting a low of 74,310 yuan/mt by the end of the session. The center slightly rebounded at the end, closing at 74,350 yuan/mt, down by 0.51%. Trading volume reached 24,000 lots, and open interest stood at 142,000 lots.