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Morning Comment For SHFE Base Metals On Apr 29

From news.metal.com

LME copper prices opened at $9990.5/mt and closed at $9960/mt in last Friday evening trading, a gain of 0.61%, with the low-end of $9896.5/mt and the high-end of $10012/mt. Trading volume was 27,000 lots, and open interest stood at 337,000 lots. The most active SHFE 2406 copper contract prices opened at 80810 yuan/mt and closed at 80580 yuan/mt last Friday evening, up 0.22%, with the high-end of 81060 yuan/mt and the low-end of 80090 yuan/mt. Trading volumes stood at 84,000 lots and open interest stood at 193,000 lots. On the macro level, the market continued to digest the news of BHP's acquisition of Anglo American. ... (full story)

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  • Category: Fundamental Analysis