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Morning Comment For SHFE Base Metals On Apr 26

From news.metal.com

LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt. Trading volume was 28,000 lots, and open interest stood at 332,000 lots. The most active SHFE 2406 copper contract prices opened at 80660 yuan/mt and closed at 79810 yuan/mt last evening, up 0.62%, with the high-end of 80780 yuan/mt. Trading volumes stood at 89,000 lots and open interest stood at 198,000 lots. In terms of macro, the annualized quarterly rate of US GDP in the first quarter was significantly lower than expected. For the first time, traders postponed expectations ... (full story)

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  • Category: Fundamental Analysis