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Morning Comment For SHFE Base Metals December 21
LME copper prices opened at $8621/mt and closed with a gain of 0.12% at $8596/mt last evening, with the low-end of $8549.5/mt and the high-end of $8621/mt. Trading volume stood at 16,000 lots. Open interest stood at 282,000 lots. The most active SHFE 2401 copper contract prices opened at 68750 yuan/mt and finished at 68850 yuan/mt overnight, down 0.12%, with the low-end of 68680 yuan/mt and the high-end of 68990 yuan/mt. Trading volume was 15,000 lots and open interest stood at 120,000 lots. On the macro front, the market is worried that the actions of Houthi militants will lead to tense international situations and ... (full story)