US copper futures ended up on Monday, buoyed in line with a slightly firmer tone on Wall Street and renewed dollar weakness, but the move is expected to be short-lived as prices correct further from over-heated levels, analysts said. Copper for September delivery rose 2.75 cents to end at $3.2795 per lb on the COMEX metals division of the New York Mercantile Exchange.
Range from $3.2475 to $3.3025. COMEX estimated final copper futures volume at 26,923 lots, down from Friday's count at 46,562 lots. Open interest down 2,435 lots to 139,608 contracts open as of August 13.
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