The LME market was closed on Monday due to holiday. The most active SHFE 2405 copper contract prices opened at 72600 yuan/mt and closed at 73090 yuan/mt last evening, up 0.37%, with the high-end of 73370 yuan/mt. Trading volumes stood at 28,000 lots and open interest stood at 176,000 lots. On the macro front, due to the prospect of tightening crude oil supply in Mexico and the risk of expanding conflicts in the Middle East brought about by Israel's attack on Syria, oil prices hit a recent high, which also pushed up copper prices. Domestically, Caixin China's manufacturing PMI recorded 51.1 in March, which has been in ... (full story)