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Morning Comment For SHFE Base Metals On June 14
Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally closed at $9,787/mt, with a drop of 1.6%. Trading volume stood at 19,000 lots, and open interest stood at 305,000 lots. Overnight, the most-traded SHFE copper contract (2407) opened at RMB 80,070/mt, reached a high of RMB 80,200/mt at the beginning, then fluctuated downwards, dropping to RMB 79,060/mt near the end of the trading session, and finally closed at RMB 79,570/mt, with a drop of 0.57%. Trading volume stood at ... (full story)