SHFE and LME base metals closed mostly with gains except for zinc. SHFE zinc prices fell to 18,600 yuan/mt at one point, refreshing a new low since July 2020. Copper: LME copper prices closed at $7,990/mt last evening, up 1.25%. Trading volume was 18,000 lots and open interest stood at 259,000 lots. The most active SHFE 2307 copper contract finished at 63,660 yuan/mt overnight, up 0.63%. Trading volume was 74,000 lots and open interest stood at 213,000 lots. On the macro front, U.S. data released last night showed that the economy remains resilient even amid the Fed’s aggressive rate hike cycle, and the U.S. dollar ... (full story)