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Morning Comment For SHFE Base Metals On June 6

From news.metal.com

Overnight, LME copper opened at $9,913/mt, with the initial session low at $9,860/mt. It then fluctuated upwards, reaching a session high of $10,010/mt at the end of the trading session, and finally closed at $10,006.5/mt, with open interest at 342,000 lots. Overnight, the most-traded SHFE copper contract (2407) opened at ¥80,330/mt, initially fluctuating and hitting a session low of ¥80,090/mt, then rising to a session high of ¥80,940/mt at the end of the trading session, and finally closed at ¥80,720/mt, up by 0.2%. Trading volume stood at 63,000 lots and open interest at 177,000 lots. On the macro front, the US ... (full story)

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  • Category: Fundamental Analysis