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Original title: COMEX November 12 copper roundup
New York, Nov 12 news: Chicago Mercantile Exchange (COMEX) copper futures closed on Thursday. More news on vaccine progress brings support. The weak US dollar exchange rate also brings some support.
At the close, copper futures rose 1 cent to 1.4 cents. Among them, November 2020 copper futures closed up 1.4 cents to close at US $ 3.143 per pound; December copper futures closed 1.1 cents higher to close at US $ 3.145 per pound January copper futures closed 1.05 cent higher at US $ 3.148 per pound.
The trading range for the most active December copper futures is $ 3.1215 to $ 3.164.
On Thursday, the ICE dollar index returned 92.945 points, down 0.08%.
The decline in the US dollar exchange rate means that metals priced in US dollars are more attractive to overseas buyers.
On Thursday, December copper futures on the Shanghai Futures Exchange closed at 51,800 yuan, up 70 yuan.
On Thursday, the volume of copper futures was 93,486 lots, up from 92,431 lots on the previous trading day; the volume of short orders was 226,225 lots and the previous trading day was 228,128 lots.
(Source: Business Club)
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