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Morning Comment For SHFE Base Metals October 27
LME copper prices opened at $8034/mt and closed at $7988/mt in overnight trading, a gain of 0.04%, with the low-end of $7972/mt and the high-end of $8034/mt. Trading volume was 15,000 lots, and open interest stood at 270,000 lots. The most active SHFE 2312 copper contract prices opened at 66680 yuan/mt and closed at 66460 yuan/mt last evening, a drop of 0.26%, with the high-end of 66680 yuan/mt and the low-end of 66440 yuan/mt. Trading volume was 25,000 lots, and open interest stood at 154,000 lots. On the macro front, the initial annualized quarterly rate of real GDP in the United States in the third quarter was ... (full story)