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Morning Comment For SHFE Base Metals On May 13

From news.metal.com

LME copper prices opened at $10049.5/mt and closed at $10040/mt in last Friday evening trading, a gain of 0.9%, with the low-end of $9976.5/mt and the high-end of $10079/mt. Trading volume was 34,000 lots, and open interest stood at 339,000 lots. The most active SHFE 2407 copper contract prices opened at 80870 yuan/mt and closed at 80720 yuan/mt last Friday evening, up 0.37%, with the high-end of 80980 yuan/mt and the low-end of 80490 yuan/mt. Trading volumes stood at 34,000 lots and open interest stood at 181,000 lots. Data released by the National Bureau of Statistics showed that China’s CPI rose by 0.3% ... (full story)

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  • Category: Fundamental Analysis