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Morning Comment For SHFE Base Metals November 21
LME copper prices opened at $8340/mt overnight before reaching a low of $8326/mt and a high of $8454/mt, and closed at $8447.5/mt, a rise of 1.67%. Trading volumes were 27,000 lots and open interest stood at 261,000 lots. The most active SHFE 2312 copper contract prices opened at 68010 yuan/mt and finished at 68460 yuan/mt overnight, up 0.82%, with the low-end of 67880 yuan/mt and the high-end of 68460 yuan/mt. Trading volume was 26,000 lots and open interest stood at 125,000 lots. On the macro front, Federal Reserve Vice Chairman Barr said that the Federal Reserve may be close to or reaching the peak interest rate. ... (full story)
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- Posted: Nov 20, 2023 10:39pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 270
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