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Morning Comment For SHFE Base Metals On Apr 16

From news.metal.com

LME copper prices opened at $9451.5/mt and closed at $9568/mt in last evening trading, a gain of 1.71%, with the low-end of $9451.5/mt and the high-end of $9631/mt. Trading volume was 33,000 lots, and open interest stood at 333,000 lots. The most active SHFE 2406 copper contract prices opened at 77290 yuan/mt and closed at 77490 yuan/mt last evening, up 0.53%, with the high-end of 77570 yuan/mt and the low-end of 76520 yuan/mt. Trading volumes stood at 88,000 lots and open interest stood at 205,000 lots. On the macro front, commodity prices moved higher as Iran's unprecedented attack on Israel sparked concerns about ... (full story)

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  • Category: Fundamental Analysis