LME and SHFE base metals closed mostly with losses last night. On the macro front, the European Central Bank still raised interest rates as planned despite the market chaos in recent days, and the market expects that the Fed may also raise interest rates next week. European and American central banks will continue to curb inflation, and concerns about banking crises remain. Copper: LME copper closed with a drop of 0.45% at $8,533/mt overnight. Trading volume stood at 22,000 lots. Open interest stood at 250,000 lots. The most active SHFE 2304 copper contract finished at 66,740 yuan/mt overnight, down 0.52%. Trading ... (full story)