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Morning Comment For SHFE Base Metals On Mar 27
LME copper prices opened at $8863/mt and closed at $8863.5/mt last evening, up 0.01%. Quotes for highest of $8976/mt and the lowest of $8835.5/mt. Trading volume was 15,000 lots, and open interest stood at 310,000 lots. SHFE 2405 copper opened at 72250 yuan/mt overnight and fell to 71940 yuan/mt after rising to 72300 yuan/mt, closing at 72210 yuan/mt, up 0.10%. Trading volume was 26,000 lots, and open interest stood at 189,000 lots. On the macro front, the annualised S&P/CS house price index in 20 major cities in the United States in January and the monthly rate of the FHFA house price index in the United States in ... (full story)