LME copper futures rebounded late in the week, boosted by strong buying and rallied by nearly 4%, while copper in late-month copper futures closed at $7,750/ton in the general trading market. The spot copper market was weak due to seasonal factors and small traders leaving the market. Market may continue to oscillate
Affected by this, the main contract in Shanghai's copper market opened higher, but the daily volatility closed at a low level. Each contract was mixed, with a range between -220-1870 yuan (RMB, the same below). One of the main 0608 contract opened at 69,650 yuan / ton, a higher of 70,190 yuan / ton, a lower 68,100 yuan / ton, closing at 68,500 yuan / ton, up 600 yuan, 37,624 total positions, position 34,182.
Shanghai Aluminium Market opened higher today and oscillated, and the contracts ended mixed, with gains and losses ranging from -80 to 100 yuan. One main 0608 contract closed at 20,750 yuan / ton, up 100 yuan. Total hand 38,016, positions 59,416.