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Morning Comment For SHFE Base Metals On June 11
On Monday, SHFE was closed due to the Dragon Boat Festival holiday. LME copper opened at $9,831/mt, initially rose slightly, then fell back, hitting a low of $9,808/mt during the session. At the end of the trading session, it surged to a high of $9,913/mt and closed at $9,881/mt, with a gain of 0.11%. Trading volume was 56 lots, and open interest was 334,000 lots. On the macro front, US non-farm payrolls data far exceeded expectations, but the unemployment rate in May rose to a two-year high, causing the market to be skeptical about the new non-farm payrolls data and to focus more on the CPI data to be released this ... (full story)
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- Posted: Jun 10, 2024 11:13pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 215
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