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Morning Comment for Base Metals (Nov 23)

From news.metal.com

LME copper prices opened at $8405.5/mt and closed at $8376.5/mt in overnight trading, a drop of 1.1%, with the low-end of $8327/mt and the high-end of $8424/mt. Trading volume was 18,000 lots, and open interest stood at 262,000 lots. The most active SHFE 2401 copper contract prices opened at 68020 yuan/mt and closed at 67720 yuan/mt last evening, down 0.44%, with the high-end of 67970 yuan/mt and the low-end of 67550 yuan/mt. Trading volumes stood at 29,000 lots and open interest stood at 156,000 lots. On the macro front, The US initial jobless claims recorded 209,000 in the week ending November 18, lower than ... (full story)

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  • Category: Fundamental Analysis