US copper futures ended up on Monday, but eased away from a fresh 27-month peak above $3.80 per lb, capped by a mild recovery in the dollar versus the euro and holiday-thin trading conditions. Copper for December delivery ended up 1.50 cents at $3.7895 per lb on the COMEX metals division of the New York Mercantile Exchange.
New closing high for third-position futures contract since July 7, 2008. Range from $3.7725 to $3.82, a new contract high.COMEX estimated final copper futures volume at 27,487 lots, down from Friday's 49,091 lots. Open interest jumped 6,044 lots to 160,567 contracts as of October 8.