Copper Market Mixed Signals: Gains & Declines
Update: 2025-11-05
Description
📈 Copper Market Update: November 5th - Mixed Signals & Declining Volume 📈On November 5th, the copper market displayed mixed signals, with the December contract slightly decreasing and the January contract gaining ground. The December contract closed at $4.9415/lb, down by $0.0070, while the January contract rose by $0.0080 to $4.9795/lb. Trading volumes varied, with the December contract reaching nearly 20,000 units and the January contract seeing only 293 units traded.The broader market saw a significant drop in total volume, from 78,322 units yesterday to 26,026 units today. The open interest, which represents outstanding contracts, also decreased by 5,430 to 275,364, suggesting that some traders are closing out their positions.In summary, the copper market experienced a quieter day with mixed contract performances and a notable decrease in trading volume and open interest.
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