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Morning Comment For SHFE Base Metals On June 20
Overnight, LME copper opened at $9,780/mt, rose slightly to a session high of $9,815.5/mt at the beginning, then dropped slightly to a session low of $9,742/mt during the day. By the end of the trading session, it rebounded and closed at $9,785/mt, up 0.68%,with a trading volume of 16,000 lots and open interest of 319,000 lots. The most-traded SHFE copper contract (2407) opened at ¥79,270/mt, dropped slightly to a session low of ¥78,940/mt at the beginning, then rose to a session high of ¥79,490/mt by the end of the trading session, and finally closed at ¥79,400/mt, up 1.19%, with a trading volume of 23,000 ... (full story)