SMM Morning Comment For SHFE Base Metals On May 17
LME copper prices opened at $10385/mt and closed at $10371.5/mt in last evening trading, a gain of 0.87%, with the low-end of $10310/mt and the high-end of $10445.5/mt.
LME zinc prices opened at $2988/mt last evening and touched an intraday high of $3007/mt, with the low-end of $2940.5/mt. It closed down $22/mt or 0.74% at $2961/mt
LME lead prices opened at $2273.5/mt and closed at $2292/mt last evening, up 0.73%, with the high-end of $2298/mt and the low-end of $2259.5/mt.
LME copper prices opened at $10385/mt and closed at $10371.5/mt in last evening trading, a gain of 0.87%, with the low-end of $10310/mt and the high-end of $10445.5/mt. Trading volume was 34,000 lots, and open interest stood at 338,000 lots.
SMM Tin Market Morning Comment (May 17)
SHFE 2406 tin contract rose slightly, closing at 275,780 yuan/mt, up 0.58%.