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Comment For SHFE Base Metals December 29
LME copper prices opened at $8637/mt and closed at $8615/mt in overnight trading, a drop of 0.93%, with the low-end of $8633/mt and the high-end of $8655.5/mt. Trading volume was 15,000 lots and open interest stood at 284,000 lots. The most active SHFE 2402 copper contract prices opened at 68970 yuan/mt and finished at 69030 yuan/mt last evening, down 0.68%, with the low-end of 68930 yuan/mt and the high-end of 69150 yuan/mt. Trading volume was 23,000 lots, and open interest stood at 150,000 lots. On the macro front, the number of initial jobless claims in the United States in the week to December 23 was 218,000, ... (full story)