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Morning Comment For SHFE Base Metals On June 13
Overnight, LME copper opened at $9,819.5/mt, initially dropping to $9,805.5/mt, then fluctuated upwards, reaching a high of $10,014/mt, before retreating and narrowly fluctuating at the end of the trading session, finally closing at $9,946/mt, with a gain of 1.44%. Trading volume stood at 19,000 lots, and open interest stood at 330,000 lots. Overnight, the most-traded SHFE copper contract (2407) opened at 80,650 yuan/mt, initially reaching a high of 81,050 yuan/mt, then fluctuated downwards to a low of 80,110 yuan/mt, and narrowly fluctuated at the end of the trading session, finally closing at 80,380 yuan/mt, with a ... (full story)