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Base Metals Closed Mostly with Gains
LME and SHFE base metals closed mostly with gains overnight. Copper: LME copper closed at $8,231.5/mt last evening, a rise of 1.5%.Trading volume was 20,000 lots and open interest stood at 252,000 lots. The most active SHFE 2307 copper contract finished at 65,760 yuan/mt overnight, up 0.75%. Trading volume was 46,000 lots and open interest stood at 185,000 lots. On the macro front, ADP employment in the US in May was 278,000, compared to the expected 170,000, and the previous reading of 296,000. In addition, the ISM manufacturing index in the United States recorded 46.9 in May, which was lower than that in April and ... (full story)
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- Posted: Jun 1, 2023 11:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 189
