Shanghai copper futures ended up on Thursday after hitting all-time highs in intrude trading, as domestic sentiment won a boost from the London Metal Exchange's record highs overnight. Shanghai's most active October contract ended at 34,360 yuan ($4,236) a tonne, up 690 yuan a tonne from its closing price on Wednesday, after it hit its record high of 34,490 yuan.
Combined market volume was thin 86,236 lots as high prices kept many investors on the sidelines, though that was up from Wednesday's 70,566 lots.
Spot copper prices in Shanghai rose 120 yuan to 35,650-35,800 yuan a tonne on Thursday. Shanghai aluminium futures also ended higher on Thursday propelled by the local copper boom.
The August contract ended at 16,490 yuan a tonne, up 30 yuan from Wednesday's close, while October closed up 50 yuan, also at 16,490 yuan.
Combined aluminium trading volume fell to 6,418 lots from 9,336 lots on Wednesday. Benchmark LME aluminium futures rose to $1,850 a tonne from $1,823 at the same time on Wednesday.
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