SMM Morning Comment For SHFE Base Metals On Apr 29
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.
SMM Zinc Morning Comment: LME zinc prices moved at highs
LME zinc opened at $2848/mt last Friday, touching a high and a low of $2905/mt and $2812/mt respectively. LME zinc rallied and closed up $4/mt or 0.14% at $2853.5/mt. The trading volume grew to 11372 lots, and open interest grew 553 lots to 244,000 lots.
LME lead surged before falling [SMM lead morning comment]
Last Friday, LME lead opened at US$2,212.5/ton. With the weakening of the US dollar and the tight supply of ore, LME lead rose, reaching a high of US$2,245/ton, setting a new high in five months.
Copper prices continue to rise on strong market bullishness [SMM copper morning comment]
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.
SMM Tin Market Morning Comment (Apr 29)
SHFE 2406 tin contract fell slightly last Friday night, closing at 258,020 yuan/mt, down 1.4%.